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Type | Public |
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TSX: DII.B | |
Industry | Conglomerate |
Founded | 1962 |
Founders | Leo Schwartz Martin Schwartz Alan Schwartz Jeff Segel |
Headquarters | , |
Key people | Martin Schwartz Jeffrey Schwartz Alan Schwartz Jeff Segel |
Revenue | ![]() |
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Total assets | ![]() |
Number of employees | 10,000 (2018) |
Divisions | 2 [1] |
Website | www.dorel.com |
Dorel Industries Inc. is a Canadian company, based in Montreal, Quebec, which designs and manufactures juvenile products and home furnishings. Its Dorel Sports division, sold in 2022, sold bicycles. It was formed in 1987 as a result of a merger between Dorel Co. Ltd., founded in 1962 by Leo Schwartz and Ridgewood Industries, founded in 1969. Dorel employs approximately 10,000 people and its products are sold in over 100 countries. [2] [ citation needed ]
Dorel divides its brands into the following product segments.
Dorel Juvenile is a manufacturer of juvenile products, including car seats, play yards, high chairs, bath accessories, infant health, home safety and feeding products. The company sells more than 8 million children's car seats globally each year.[ citation needed ]
Juvenile products are designed, manufactured and marketed under several brand names, including Safety 1st, Maxi-Cosi, Quinny and Tiny Love. Regional brands include Cosco, Infanti, Bertini Baby, Bébé Confort, Mother's Choice, and Voyage.
Dorel Juvenile USA is headquartered in Foxborough, Massachusetts, and has a design and development center in Columbus, Indiana. In these locations, the company builds from the concept stage through development. The main US manufacturing facility is also in Columbus, allowing the company to produce many products within the United States. The Dorel Technical Center for Child Safety, also in Columbus, features research and design facilities.
Similar facilities exist in Europe with substantial operations in South America. In 2014 Dorel purchased the juvenile operations of the Lerado Group, providing the company with its first owned facilities in China and Taiwan.[ citation needed ]
Products include home and commercial office furniture in metal or wood, storage cabinets and cubes with storage bins, futons, bunk beds, mattresses, dining tables and upholstered furniture, TV Stands and living room furniture like coffee and end tables, metal folding furniture, step stools, ladders.
The Dorel umbrella for home furnishings includes: The Novogratz, Cosco Home & Office, Ameriwood Industries, Dorel Home Products (DHP) and Dorel Living (formerly Dorel Asia). Dorel Home does significant on-line business.
In 2004, Dorel acquired Pacific Cycle, a company that designs, markets, and distributes branded bicycles and other recreational products. In February 2008, Dorel purchased the Cannondale Bicycle Corporation and SUGOI Performance Apparel. In July 2009, Dorel announced its acquisition of Iron Horse Bicycles. In August 2013, Dorel announced its acquisition of Brazil-based Bicicletas Caloi S/A.
The Dorel Sports segment comprises three operating divisions:
Dorel markets its sports products under the brand names of Cannondale, Schwinn, GT Bicycles, Mongoose, Caloi, IronHorse, Roadmaster, SUGOI (sold to Garneau June 2018), and Fabric.
In October 2021, Dorel Sports was sold to Dutch Pon Holdings. [3]
The Cannondale Bicycle Corporation is an American division of Dutch conglomerate Pon Holdings that supplies bicycles. Its headquarters are in Wilton, Connecticut, with engineering offices in Freiburg, Germany. Frames are manufactured in Taiwan. Bikes are assembled in Taiwan, as well as in the USA and in The Netherlands for the local markets.
The Schwinn Bicycle Company is an American company that develops, manufactures and markets bicycles under the eponymous brand name. The company was originally founded by Ignaz Schwinn (1860–1948) in Chicago in 1895. It became the dominant manufacturer of American bicycles through most of the 20th century. Schwinn first declared bankruptcy in 1992, in 2001 Schwinn went bankrupt again and was purchased by Pacific Cycle, now owned by the Dutch conglomerate, Pon Holdings.
The Huffy Corporation is a supplier of bicycles with headquarters in Dayton, Ohio, United States.
American Machine and Foundry was one of the United States' largest recreational equipment companies, with diversified products as disparate as garden equipment, atomic reactors, and yachts.
Pacific Cycle, Inc., is an American division of Dutch conglomerate Pon Holdings that imports and distributes bicycles. It was founded in 1977 by Chris Hornung. The company pioneered the sourcing of bicycles from the Far East for distribution in the U.S., developing relationships with suppliers primarily in Taiwan and China. The company now owns several well known bicycle brands as well as diversifying into bicycle accessories and other types of children's play equipment. Pacific Cycle sells more bicycles than any other company in North America and is one of the most prolific bicycle suppliers in the world. In 2006, Chris Hornung left Pacific Cycle leaving President Jeff Frehner in control. Alice Tillett has been the President of Pacific Cycle since 2008.
Masco Corporation is an American manufacturer of products for the home improvement and new home construction markets. Comprising more than 20 companies, the Masco conglomerate operates nearly 60 manufacturing facilities in the United States and over 20 in other parts of the world. Since 1969 it trades on the NYSE. Under the leadership of Richard Manoogian, the company grew exponentially and subsequently joined the Fortune 500 list of largest U.S. corporations.
Murray was an American company whose assets are now owned by Briggs & Stratton and Pon Holdings. The corporate brand is a descendant of the Murray Ohio Manufacturing Company, which manufactured bicycles and lawn and garden equipment. The company went bankrupt in 2005 selling most of its assets to Briggs & Stratton and Pacific Cycle.
GT Bicycles is an American company that designs and manufactures BMX, mountain, and road bicycles. GT is a division of the Dutch conglomerate Pon Holdings, which also markets Cannondale, Schwinn, Mongoose, IronHorse, DYNO, and RoadMaster bicycle brands; all manufactured in Asia.
Mongoose is a brand name of bicycles originally designed, manufactured, and sold by BMX Products, Inc. It is now available through the distributor Pacific Cycle.
Iron Horse Bicycles was a manufacturer of bicycles, in Islandia, New York, United States from 1987 to 2009. Its logo was a prancing horse on a mustard-color crest similar to the Ferrari logo. Iron Horse sold racing bikes and mountain bikes, but mainly downhill, freeride, and all mountain.
CALOI is a major Brazilian manufacturer of bicycles and bicycle equipment, along with motorized cycles like the past Mobilette models, based in São Paulo. In the 1960s, Caloi achieved some popularity, producing folding bicycles.
The Raleigh Bicycle Company is a British bicycle manufacturer based in Nottingham, England and founded by Woodhead and Angois in 1885. Using Raleigh as their brand name, it is one of the oldest bicycle companies in the world. After being acquired by Frank Bowden in December 1888, it became The Raleigh Cycle Company, which was registered as a limited liability company in January 1889. By 1913, it was the largest bicycle manufacturing company in the world. From 1921 to 1935, Raleigh also produced motorcycles and three-wheel cars, leading to the formation of Reliant Motors. Raleigh bicycle is now a division of the Dutch corporation Accell.
Humber is an English brand of bicycle. Thomas Humber made himself a velocipede in 1868. From that time he built a substantial business in manufacturing tricycles and bicycles while continuously improving their design and construction. His products were so well-made and well-designed they were known as "the aristocrat among bicycles".
Ashley Furniture Industries, Inc. is an American home furnishings manufacturer and retailer, headquartered in Arcadia, Wisconsin. The company is owned by father and son team Ron and Todd Wanek. Ashley Furniture manufactures and distributes home furniture products throughout the world.
Nishiki is a brand of bicycles designed, specified, marketed and distributed by West Coast Cycle in the United States, initially manufactured by Kawamura Cycle Co. in Kobe, Japan, and subsequently by Giant of Taiwan. The bicycles were first marketed under the American Eagle brand beginning in 1965 and later under the Nishiki brand until 2001.
Headquartered in Boston, Massachusetts, Evenflo Company, Inc. operates the juvenile travel and home safety businesses with products that include car seats, travel systems, safety gates, high chairs, play yards, stationary activity centers, infant carriers and doorway jumpers. Evenflo Company Inc. has two manufacturing facilities: one in Piqua, Ohio, and one in Tijuana, Mexico.
Roadmaster is an American bicycle brand currently owned by Pacific Cycle, which in turn is owned by Dutch conglomerate Pon Holdings.
Pon Holdings BV is a Dutch conglomerate in the transportation sector. It was founded in 1980 by Ben Pon, Jr., a former racing car driver and son of Ben Pon, Sr., who became the importer of Volkswagen in the Netherlands in 1947. As of 2021 it is still owned by the Pon family.
Tube Investments of India Limited is an Indian engineering and manufacturing company that specializes in bicycles, metal formed products, and chains. It is based in Chennai and a part of Murugappa Group. It was incorporated as TI Cycles of India Limited in 1949, as a joint venture company.