Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,  BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu.  
 
  EUROPEAN COMMISSION  
Brussels,  03.02.2021 
C(2021)  804 final  
PUBLIC VERSION  
Cerberus Capital Management, L.P.  
875 3rd Avenue, 11th Floor  
New York, NY 10022  
United States of America  
Subject : Case M. 10086 – CERBERUS GROUP / DOREL INDUSTRIES  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 8 January 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Cerberus 
Capital Management, L.P. (‘Cerberus Group’, United States of America), acquires 
within the meaning of Article 3(1)(b) of the Merge r Regulation  sole control of the 
whole of  Dorel Industries Inc. (‘Dorel’, Canada). The concentration is accomplished 
by way of  purchase of shares.3 
2. The business activities of the undertakings concerned are:  
− for Cerberus Group:  a private investment firm engaged in investment in real 
property and personal property of all kinds  worldwide. S ome of the main sectors 
in which the undertakings controlled by the Cerberus Group generate turnover are 
financial services, manufacturing, building materials and real estate . 
− for Dorel: a company operating worldwide, and active in juvenile products, 
bicycles and home products. Dorel Juvenile’s branded products include global 
brands Maxi -Cosi, Quinny and Tiny Love, complemented by regional brands 
such as Safety 1st, Bébé C onfort, Cosco and Infanti. Dorel Sports brands include 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘ Communi ty’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 20, 19.01.2021, p. 7. 

2 Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Dorel Home markets 
a wide assortment of domestically produced and imported furniture.  
3. After examination of the notification, the European Commiss ion has concluded that 
the notified operation falls within the scope of the Merger  Regulation and of 
paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under  Council Regulation (EC) No  139/2004.4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5.