Dorel Industries to close domestic manufacturing operations
CORNWALL, ONTARIO, CANADA, JUN 30 – Dorel Industries will close all North American home segment manufacturing and consolidate under Cosco, aiming for profitability by 2026 after extensive review and cost-saving measures.
- On June 30, 2025, Dorel Industries announced it will shut down all manufacturing activities related to its Dorel Home segment across North America, including the closure of its facility in Cornwall, Ontario.
- The decision followed an extensive review supported by EY-Parthenon, which concluded that reducing the Home segment's size was necessary to return it to profitability.
- The company intends to complete the closure of its home operations by the end of the third quarter of 2025, aiming to reduce ongoing financial deficits while continuing to meet its commitments to customers.
- Dorel expects the restructuring to generate substantial savings through a smaller footprint and workforce while eliminating negative cash flow, with earnings improving by the fourth quarter.
- These changes will allow Dorel to focus on its Juvenile segment, which continues to grow sales and earnings and is positioned to deliver above-average earnings relative to peers.
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Dorel announces closing of its manufacturing operations in Cornwall, Ont.
Dorel Industries Inc. is restructuring its operations to cut the size of its home segment and eliminating its domestic manufacturing operations based in Cornwall, Ont. The company said on Jun. 30 that the decision to cease all Dorel Home manufacturing operations in North America was made after an extensive review. It said the move will result in substantial savings based on a smaller footprint and workforce and eliminate the losses from the dome…
Dorel Industries is restructuring its operations to reduce the size of its home division by focusing on cost-effective categories and eliminating its domestic manufacturing activities in Cornwall, Ontario.
Bradford Today
Dorel Industries to close domestic manufacturing operations as it cuts home segment
MONTREAL — Dorel Industries Inc. is restructuring its operations to cut the size of its home segment and eliminating its domestic manufacturing operations based in Cornwall, Ont.
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