Guangdong Roadmate Group completed the acquisition of juvenile products manufacturing facility of Dorel Industries for $51m.

Guangdong Roadmate Group, a diversified supplier, completed the acquisition of the juvenile products manufacturing facility of Dorel Industries, a designer and manufacturer of juvenile products, bicycles and home furnishings, for $51m. “The strategic direction is intended to allow Dorel Juvenile to further lower the required investment to bring new products to market and to deliver a broader product line with much quicker time to market. It is also expected to decrease complexity, improve cash flow and reduce volatility in the direct costs of manufacturing due to variations in currency and commodity prices. Dorel expects that the sale of the Zhongshan facility will also simplify the organization and free-up resources so that Dorel Juvenile can focus on product innovation and branding across its various markets,” Martin Schwartz, Dorel President & CEO.