Dorel names Home Furnishings Segment President



    
    EXCHANGES
    TSX: DII.B DII.A
    

    MONTREAL, Sept. 23 /CNW Telbec/ - Dorel Industries Inc. (TSX: DII.B
DII.A) today announced the promotion of Norman Braunstein to President of
Dorel's Home Furnishings Segment.
    Norman has played an increasingly important role within Dorel's Home
Furnishing's segment since he joined the Company in 2003. He has served as
Chief Operating Officer of Dorel Asia, Corporate Vice President of Home
Furnishings and since this past spring as COO of the segment. He has brought a
new focus and leadership to all of Dorel's Home Furnishings businesses.
    This appointment is in line with the new senior management structure
announced earlier this year to maximize the growth opportunities in each of
Dorel's three segments, Juvenile, Recreational/Leisure and Home Furnishings.
    "Dorel is a world player in its sectors, and is committed to becoming an
even more prominent force. Our new structure allows for a strict focus on all
Dorel businesses simultaneously to ensure efficient operations and to identify
new opportunities. We have already started to see the benefits. Programs are
being developed more rapidly and results are being realized faster. This sets
the stage for a new important chapter in Dorel's evolution," stated Dorel
President and CEO, Martin Schwartz.

    Profile

    Dorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile
products and bicycle company. Established in 1962, Dorel creates style and
excitement in equal measure to safety, quality and value. The Company's
lifestyle leadership position is pronounced in both its Juvenile and bicycle
categories with an array of trend-setting products. In the Juvenile segment,
Dorel's powerfully branded products such as Quinny, Maxi-Cosi, Safety 1st and
Bébé Confort have shown the way to safety, originality and fashion. Similarly,
its highly popular brands such as Cannondale, Schwinn, GT, Mongoose and SUGOI
have made Dorel a principal player with both independent bicycle dealers and
mass merchants. Dorel's Home Furnishings segment markets a wide assortment of
furniture products, both domestically produced and imported. The Company
exerts relentless innovation and marketing flair across all of its divisions.
Dorel is a $2 billion company with forty-six hundred employees, facilities in
seventeen countries, and sales worldwide.
    US operations include Dorel Juvenile Group USA; the Cannondale Sports
Group; Pacific Cycle; Ameriwood Industries which produces ready-to-assemble
furniture; Altra Furniture; and Cosco Home & Office. In Canada, Dorel operates
Dorel Distribution Canada, Dorel Home Products and SUGOI. Abroad, operations
include Dorel Europe and IGC in Australia, a manufacturer and distributor of
juvenile products. Dorel Asia sources and imports home furnishings products.
Dorel China has eight offices which oversee the sourcing, engineering and
logistics of the Company's Asian supplier chain.

    Caution Concerning Forward-Looking Statements

    Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of Dorel Industries Inc. These statements are based on
suppositions and uncertainties as well as on management's best possible
evaluation of future events. The business of the Company and these
forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results to differ from expected results. Important
factors which could cause such differences may include, without excluding
other considerations, increases in raw material costs, particularly for key
input factors such as particle board and resins; increases in ocean freight
container costs; failure of new products to meet demand expectations; changes
to the Company's effective income tax rate as a result of changes in the
anticipated geographic mix of revenues; the impact of price pressures exerted
by competitors, and settlements for product liability cases which exceed the
Company's insurance coverage limits. A description of the above mentioned
items and certain additional risk factors are discussed in the Company's
Annual MD&A and Annual Information Form, filed with the securities regulatory
authorities in Canada and the U.S. The risk factors outlined in the previously
mentioned documents are specifically incorporated herein by reference. The
Company's business, financial condition, or operating results could be
materially adversely affected if any of these risks and uncertainties were to
materialize. Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of actual
results.




For further information:

For further information: MaisonBrison, Rick Leckner, (514) 731-0000;
Dorel Industries Inc., Jeffrey Schwartz, (514) 934-3034

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Dorel Industries Inc.

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