There’s some big news in the car-seat-business world.
First, Evenflo and Cybex have been acquired by Goodbaby, a China-based juvenile products company. Goodbaby says that acquiring these two companies will help it expand its market, with Cybex providing high-end products and Evenflo appealing to the mid- to “value-range” segment. You can read more about the Cybex acquisition here, and the Evenflo acquisition here.
Balancing things out, Dorel is working on acquiring the Lerado Group, one of China’s largest juvenile-product manufacturers. This move will give Dorel its first company-owned factories in Asia, with three facilities in China and a fourth in Taiwan. Also included is a crash-test laboratory similar to ones Dorel already has in the US and Europe. You can read more about this transaction here.
It’s interesting to note that various other car seat manufacturers use Lerado Group facilities to produce their products in China. It is unclear if this means that some manufacturers will be unlikely to continue using them once Dorel takes over.