Johnson Health Tech Acquires Leisure Fitness
Johnson Health Tech (JHT) announced that it will purchase Leisure Fitness, a Newark, Delaware-based specialty fitness retailer with 27 stores, primarily on the Eastern coast. JHT is one of the world’s largest fitness equipment manufacturers and retailers, with brands like Matrix, Vision and Horizon.
According to Nathan Pyles, President of Johnson Health Tech North America (JHTNA), “Together, Johnson Health Tech and Leisure Fitness will continue to grow and shape specialty retail. With the addition of Leisure Fitness, JHTNA will have 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 have 315 retail locations worldwide. Leisure Fitness will be merged into the existing JHTNA retail group and Leisure Fitness’s management team is expected to continue to work for JHT.
In the press release Paul Bastianelli, CEO of Leisure Fitness said, “We’re proud to be part of an organization like Johnson Health Tech that continues to invest in specialty retail. 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 in that region.”