June 16 Canada's Dorel Industries Inc
said it would buy Hong Kong-based Lerado Group, a maker of baby
strollers and infant car seats, for $120 million to expand in
The deal will give Dorel, known for its Cannondale and
Schwinn bicycles, its first company-owned factories in Asia.
Lerado Group, a unit of Lerado Group Holding Co Ltd
, also makes baby beds, soft goods, high chairs and
Dorel bought a majority stake in Brazil's largest cycle
company Caloi last year, in a move to expand its recreational
RBC Capital Markets, KPMG and Norton Rose Fullbright advised
Dorel on the Lerado deal.
Dorel's shares closed at C$40.17 on the Toronto Stock
Exchange on Friday.
(Reporting By Sneha Banerjee in Bangalore; Editing by Saumyadeb