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LETTER    Dorel Home excels again, invests for future growth








           Dorel Home Furnishings, now rebranded as Dorel Home,
 TO        sales to e-commerce has allowed this segment to improve its
           had a record year. The on-going shift from brick and mortar

           earnings significantly over the past two years. Ecommerce
           represented 45% of the segment’s revenues last year. All
           four Dorel Home divisions, Dorel Home Products (DHP), Dorel

 SHAREHOLDERS  Living, Cosco and Ameriwood/Altra, experienced distinct
           ecommerce advancements.


           Dorel Home has evolved from a furniture company to a tech-
           nological distribution platform for home products. Invest-
           ments have been made in logistics and equipment to manage
           this growth, with a move into a new, larger warehouse and
           distribution center in Savannah, Georgia. Automated labelling
           equipment and fullline conveyor systems have been added,
           allowing Dorel Home to ship same day. The efficiencies of the
           new operations were underlined with Dorel Home shipping
           close to 2 million orders direct to consumers in 2016. Their
           home-grown product information management system also
           enables the segment to post new content about new prod-
           ucts on their customers’ websites without delay. Dorel Home
           is now even more competitive and can move forward with
           added confidence.



























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