Nautilus to Acquire Bowflex Manufacturer…

Nautilus, Inc. will acquire its largest contract manufacturer, Xiamen, China-based Land America Health and Fitness Co., Ltd. NLS will pay approximately $72 million in an all cash-transaction that is expected to close January 2, 2008 and to improve gross margins by 150 to 200 basis points in 2008. Land America has made the Bowflex for more than eight years and began manufacturing Bowflex TreadClimber last year. The acquisition of Land America involves four buildings on a 15-acre site in an economic development zone near Xiamen, China, as well as a trading company, Treuriver Investments Ltd.

Nautilus to Acquire Bowflex Manufacturer…

SGB Executive

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