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Also in 2018, the company announced it would be separating the fitness business as Life Fitness Holdings in 2019. [20] In May 2019, Brunswick announced the sale of Brunswick Billiards, Life Fitness, Cybex, Hammer Strength, Indoor Cycling Group, and SCIFIT for $490 million to KPS Capital Partners. [21] The sale was completed in June 2019.
In 2018, the company announced it would be spinning-off its fitness equipment business, including its Brunswick Billiards division, as Life Fitness Holdings in 2019. [5] [6] In May 2019, Brunswick announced its intention to sell Life Fitness Holdings to KPS Capital Partners. [7] The sale was completed in June 2019.
The same year, Life Fitness expanded into treadmills. Life Fitness was acquired by Brunswick Corporation in June 1997 for $310 million. [5] [6] The sale was completed on July 11, 1997. [7] Later in 1997, Life Fitness bought Hammer Strength, a manufacturer of weight machines. [8] ParaBody, Inc. was bought by Life Fitness in 1998. [9] [10]
As of January 20, 2016, Cybex International, Inc. was purchased by Brunswick Corporation for $195 million. [1] As part of this purchase, Cybex is to join the Life Fitness portfolio of fitness brands, along with Life Fitness, Hammer Strength, InMovement, SciFIT, and Indoor Cycling Group (ICG).
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Headquartered in Mettawa, IL, Brunswick has 17,000 employees operating in 25 countries. In 2023, Brunswick was named by Forbes as a World’s Best Employer and as one of America’s Most Responsible Companies by Newsweek, both for the fourth consecutive year. For more information, visit www.Brunswick.com. Forward-Looking Statements
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