In a recent acquisition, PaceMaster has purchased the assets of Aerobics Inc., manufacturer of PaceMaster Treadmills. Approved by the United States Bankruptcy Court in the District of New Jersey, the move was in Aerobics’ best interest, following the company’s filing for Chapter 11 relief on May 14, 2010.
Thomas N. Staub, Aerobic's CEO supported the move, stating that, “This has been an extremely difficult time for Aerobics Inc. and the acquisition of the company's assets by PaceMaster, LLC was the best solution for our customers, retailers and vendors.
PaceMaster, LLC intends to honor all warranties for products sold by Aerobics Inc. creating a seamless transition for our retailers and customers”.
