Mr. Martin Schwartz reports

DOREL INDUSTRIES ANNOUNCES SALE OF ITS TIFFIN, OHIO FACILITY

Dorel Industries Inc. has sold its facility located in Tiffin, Ohio, for net proceeds of approximately $12.5-million (U.S.).

This transaction represents another important milestone in the restructuring of Dorel Home and the company's continuing efforts to strengthen its balance sheet. The net proceeds from the sale will be used to reduce existing debt.

"With the completion of this sale, we are applying the proceeds directly to debt repayment, which will further enhance our financial flexibility and support our ongoing efforts to strengthen Dorel's capital structure," said Martin Schwartz, president and chief executive officer of Dorel.

The Tiffin facility had previously been identified as a non-strategic asset as part of the restructuring of Dorel Home's manufacturing and distribution activities. The sale completes the monetization of this facility and supports Dorel's continuing efforts to improve liquidity and profitability, as well as increase shareholder value.

About Dorel Industries Inc.

Dorel is a global organization, operating two distinct businesses in juvenile products and home products. Dorel's strength lies in the diversity, innovation and quality of its products, as well as the superiority of its brands. Dorel Juvenile's powerfully branded products include global brands Maxi-Cosi, Safety 1st and Tiny Love, complemented by regional brands such as BebeConfort, Cosco, Mother's Choice and Infanti. Dorel Home, with its comprehensive e-commerce platform and bricks and mortar distribution network, markets a wide assortment of furniture. Dorel has annual sales of $1.1-billion (U.S.) and employs approximately 2,900 people in facilities located in 22 countries worldwide.

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