Business & Tech
Hoist Fitness Systems Could Buy and Move Woodinville's LeMond Fitness to San Diego
A Hoist Fitness Systems official reportedly said he'd move Woodinville's LeMond Fitness to San Diego.
Hoist Fitness Systems, San Diego, is close to acquiring Woodinville's LeMond Fitness according to a report by Club Industry.
Hoist CEO Jeffrey Partrick has reportedly confirmed that he hopes to close the deal this week.
Partrick was interviewed this week at the Health and Fitness Business Expo in Las Vegas, where the LeMond Fitness booth was empty and LeMond bikes were in the Hoist booth, the report said.
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Earlier this month, it was reported that LeMond Fitness was in discussions to sell the company.
Partrick added that upon finalization of the deal, the LeMond Fitness headquarters would move to Hoist’s headquarters in San Diego.
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LeMond Fitness was established in 2002 by Greg LeMond, the three-time winner of the Tour de France and a two-time world champion bicyclist.
A tweet Friday morning rumored that LeMond Fitness is shut down:
Seattle Bike Blog @seabikeblog
Woodinville-based: “@bikehugger: Just heard @Interbike that@lemondfitness is out of business. Shut down this week.”
A call from Patch to LeMond Fitness Friday so far revealed the phone number is still in service and that the voice mail system is still active. Check back for updates to this story.
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