PlayCore Holdings, Inc. (PlayCore), a leading designer, manufacturer and marketer of a broad range of play and recreation products, announced the acquisition of Power Systems.
Founded in 1986, Power Systems is recognized throughout the sports and fitness industries for its superior selection of fitness, strength training and sports conditioning products. The company maintains a firm commitment to quality, and its staff is comprised of knowledgeable and professional individuals from numerous fitness and sports disciplines. The acquisition will continue PlayCore’s growth in the fitness market. Day-to-day operations will continue from Power Systems’ facility in Knoxville, Tennessee, and will be supported by the management team in PlayCore’s Chattanooga, Tennessee office.
“Our growth story continues to evolve with strategic acquisitions that extend our reach and add value to our customers, and we are excited about this opportunity to increase our presence in the fitness market,” said Bob Farnsworth, the president and CEO of PlayCore. “The company aligns greatly with PlayCore’s mission and values-based culture, is an important new opportunity for us and supports our mission of building communities through play and recreation.”
“We are excited about this next phase for Power Systems, as well as the opportunity for growth as part of the PlayCore family of brands,” added Bruno Pauletto, Power Systems’ founder.
