NEW YORK, NY, Jan. 13 /PRNewswire-FirstCall/ - Wind Point Partners has
entered into a definitive agreement for the sale of Pacific Cycle LLC to Dorel
Industries, Inc. The transaction is expected to close by the end of January
2004. CIBC World Markets acted as exclusive financial advisor to Windpoint
Pacific Cycle designs, markets and distributes high quality bicycles and
other recreational products under a portfolio of brands including Schwinn,
Mongoose, GT and InSTEP. Wind Point Partners is a Chicago, IL based private
equity firm that acquired Pacific Cycle in 1998.
Based in Westmount, Quebec, Dorel Industries is a consumer products
manufacturer and importer of juvenile products and home furnishings. Its
principal business segments consist of ready-to-assemble furniture, juvenile
furniture and accessories, as well as home furnishings. Dorel Industries is
listed on both the Toronto Stock Exchange and the NASDAQ.
SOURCE CIBC World Markets