Dorel struggles to build following

Article Abstract:

Dorel Industries Inc. (Montreal) is struggling to attract investor interest despite its strong performance. Dorel makes low-priced ready-to-assemble (RTA) furniture, baby products such as car seats and strollers, and home furnishings such as futons and bunk beds. After a string of acquisitions in the US and Europe, Dorel posted a profit of $55.7-million ($1.99 per share) on sales of $929.1-million in 1999, up from a profit of $10.8-million (46 cents per share) on sales of $387.8-million four years ago. In 1999, about 43% of Dorel's revenue and 30% of its profit came from baby products, while furniture accounted for 37% of its sales and 59% of its profit. Home furnishings accounted for only one-fifth of its revenue and 10% of the firm's profit. Dorel generates almost 90% of its sales from the US market, 2% from Canada and the rest from other countries. The North American market for RTA furniture, which consumers assemble themselves, is growing fast because of new customers who are attracted by the products' improved quality. Big chains prefer RTA because it takes up little floor space.

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Spinoffs not guaranteed an easier road ahead

Article Abstract:

Canadian Pacific Ltd. plans on keeping its hotel operations, which made $156-million profit in 2000. But experts warn that the hotel industry will be especially vulnerable to the expected economic slowdown in the United States.

Diversified Companies, Forecasts, trends, outlooks, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Parent-to-subsidiary activities, Management, Forecasts and trends, Canadian Pacific Ltd., CP

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Dorel in deal to buy Safety 1st

Article Abstract:

Montreal, Que.-based Dorel Industries Inc. is negotiating to acquire Canton, Mass.-based Safety 1st Inc., a child care products maker. Dorel Industries, which is a consumer products maker, has made a $140 million takeover bid.

United States, Asset sales & divestitures, Acquisitions & mergers, Mergers, acquisitions and divestments, Safety 1st Inc., SAFT

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