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                                                                       EXHIBIT 3

 
                      DOREL BIDS FOR U.S. RTA MANUFACTURER
                     AMERIWOOD BOARD RECOMMENDS ACCEPTANCE
 
     MONTREAL, CANADA March 30, 1998--Dorel Industries Inc. (ME/TSE: DII.A;
DII.B) ("Dorel") and Ameriwood Industries International Corporation
(NASDAQ/NMS:AWII) ("Ameriwood") today jointly announced that the two companies
have entered into a definitive merger agreement for the acquisition of Ameriwood
by Dorel. Upon completion of the merger, Ameriwood will become a subsidiary of
Charleswood Corporation, a wholly-owned subsidiary of Dorel.
 
     Under the terms of agreement, Dorel will commence a tender offer no later
than April 3, 1998, to acquire all of the outstanding shares of Ameriwood for
U.S. $9.625 per share in cash. Following the completion of the  tender offer,
Dorel will, if necessary, consummate a second step merger in which all
remaining Ameriwood shareholders will also receive U.S. $9.625 per share in
cash. The total purchase price will be approximately U.S. $41.1 million.
 
     The Board of Directors of Ameriwood has approved the transaction and
recommends that Ameriwood shareholders tender their shares in Dorel's offer. In
addition, certain of the directors of Ameriwood, controlling shares representing
approximately 10% on a fully diluted basis of the outstanding shares of
Ameriwood, have agreed to tender their shares in Dorel's offer. Completion of
the tender offer and merger are subject to customary conditions, including the
tender of a majority of Ameriwood's shares and termination of the waiting period
under U.S. anti-trust laws. The tender offer will be made pursuant to definitive
documents to be filed with the Securities and Exchange Commission.
 
     In fiscal 1997, Ameriwood registered sales of U.S. $94.6 million, or
Cdn. $131 million, while Dorel's revenues were U.S. $384.1 million, or Cdn.
$531.7  million.
 
     Charles R. Foley, Ameriwood's President and CEO, said, "We are confident
that becoming part of Dorel Industries will enhance Ameriwood's ability to serve
our customers in providing outstanding products and service. Dorel's financial
success demonstrates its strong operational and cost effectiveness. We are also
enthusiastic about the opportunities this combination provides for our dedicated
associates."
 
     Neil L. Diver, Ameriwood's Chairman, also remarked, "We are very pleased
that Ameriwood and its employees will join the successful Dorel
ready-to-assemble ("RTA") companies. We have been particularly impressed with
Dorel's relationships with the mass merchants and we are confident that our
skills will be complementary."
 
     Dorel President and CEO, Martin Schwartz said the offer is yet another
example of the company's disciplined acquisition strategy. "We have been careful
to stick to the areas we know best. Similar past purchases have served the
corporation well. Since RTA is the major contributor to Dorel's profitability
and because of the excellent relationships we enjoy with the mass merchants, we
feel confident this additional market share will further add to our
profitability."
 
     Dorel is a vertically-integrated consumer products manufacturer and
distributor specializing in three product areas: ready-to-assemble ("RTA")
furniture; juvenile furniture and accessories; and home furnishings. Dorel's
products include a wide variety of RTA furniture for home and office use;
juvenile furniture and accessories; and home furnishings as well as a mid-market
line of case goods.
 
     Dorel employs more than 2,900 people in nine countries. Major facilities
include the corporate head office, Dorel Home Products and the Leadra Design
division in Montreal, Quebec; Ridgewood in Cornwall, Ontario; Cosco, Inc. in
Columbus, Indiana; Infantino in San Diego, California and Charleswood
Corporation in Wright City, Missouri. European operations include Dorel (U.K.)
Limited in the United Kingdom and Maxi-Miliaan B.V. in the Netherlands.
 
     Ameriwood is one of the leading U.S. manufacturers of quality RTA. Products
for the home and office account for some 75% of sales. The balance is derived
from custom-manufactured products for customers in the audio, contract furniture
and other specialty businesses. The company owns two major, fully equipped,
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modern factories; a 535,000 square foot complex in Tiffin, Ohio as well as a
500,000 square foot facility in Dowagiac, Michigan. Ameriwood employs over 700
people.
 
     (Statements contained in this press release which are not historical facts
are forward-looking statements. Such forward-looking statements are necessary
estimates reflecting the best judgement of the party making such statements
based upon current information and involve a number of risks and uncertainties.
Forward-looking statements contained in this press release or in other public
statements of the parties should be considered in light of those factors. There
can be no assurance that such factors or other factors will not affect the
accuracy of such forward-looking statements.)
 
Ameriwood press contacts:                 Neil Diver
                                          (415) 721-5511
 
                                          Seyforth and Associates (Steve Poole)
                                          (616) 776-3511
