Johnson Health Tech (JHT), one of the world’s largest and fastest- growing fitness equipment manufacturers, and producer of the brands Matrix, Vision, and Horizon, announced that it has signed an agreement to purchase Leisure Fitness, a Newark, Delaware-based specialty fitness retailer with 27 stores along the Eastern coast.
“Together, Johnson Health Tech and Leisure Fitness will continue to grow and shape specialty retail,” said Nathan Pyles, president of Johnson Health Tech North America (JHTNA). “With the addition of Leisure Fitness, JHTNA has almost 100 specialty fitness retail locations in the United States. That distribution network, combined with the product design, engineering and manufacturing excellence of our global organization, gives us a unique opportunity to fuel continued growth.”
With this acquisition, JHT, which is already the world’s largest specialty fitness retailer, will bring its store count to 315 retail stores worldwide. Leisure Fitness will be merged into the existing JHTNA retail group but will operate as a separate entity with its existing management team.
“We’re proud to be part of an organization like Johnson Health Tech that continues to invest in specialty retail,” said Paul Bastianelli, CEO of Leisure Fitness. “Like Leisure Fitness, JHT believes in investing in great people that can deliver outstanding customer experiences. With our shared vision and customer commitment, we’ll continue to help grow specialty fitness.”
“Leisure Fitness brings an organization with strong and diverse resources to JHTNA. We’re excited to welcome them to our team,” said Bob Zande, CFO/COO of JHTNA. “With Leisure’s strong East Coast presence, we’ll be able to further enhance our service levels and distribution efficiencies in that region.”
This press release was submitted by Johnson Health Tech.
