Dorel Industries Inc. announced that its Recreational/Leisure segment is restructuring its operations to enhance its competitiveness. Among the global initiatives, toward the end of the current calendar year, the segment will close its assembly and testing facility in Bedford, PA and leverage the strengths and capabilities of its global resources, third party partners, and existing facilities to simplify and optimize its business model. Operations currently performed at Bedford, including manufacturing, assembly, testing, quality control and customer and technical services are expected to be redeployed by the end of calendar 2014.

In addition, Recreational/Leisure will relocate its research and development facility in Bethel, CT to the segment's new headquarters in Wilton, CT., and will convert its former retail lab in Bethel to accommodate GURU Academy activities. The value of the former Bethel headquarters will be written down to reflect the market value of the property. As such, the segment will incur approximately USD 14 million-USD 16 million pre-tax in restructuring charges associated with its plan of which 70% are non-cash and expects to realize annualized cost savings of at least USD 6 million once the restructuring is completed in late 2014.

Approximately 100 employees will be affected globally once all changes are implemented.