Matrix Parent Co. Reports Solid Sales for 2010


Johnson Health Tech Inc., (JHT) the Cottage Grove, WI-based company that manufactures Matrix Fitness, among others, reported a 21 percent gain worldwide and a 25 percent gain in North America in its 2010 year-end results.

Driven primarily by the Matrix brand, JHT’s commercial segment experienced a 48 percent annual growth over 2009, the company announced Thursday.

“We couldn’t be more pleased with the tremendous growth JHT experienced globally and domestically for 2010,” Nathan Pyles, president of Johnson Health Tech North America, a subsidiary of JHT, said in a statement. “Each quarter yielded increased sales across all channels, including commercial, specialty and sporting goods markets. With strategic investments in innovative technologies, as well as key commercial and retail partners, we’ve consistently offered new and exciting products, provided unmatched customer service and created a best-in-class workplace that has afforded us exceptional market leadership.”

Pyles said the company had record sales in 2010 for its Virtual Active, Asset Management and Livestrong by Matrix commercial products and partners. JHT’s group exercise and treadmill categories were well-received and had substantial growth, Pyles added.

JHT also had a 17 percent growth in the retail sporting goods market and an 8 percent growth in the specialty channels market. The company also produces AFG, Vision Fitness and Horizon Fitness equipment.

Suggested Articles:

Town Sports International is working on a deal with lenders and a private equity firm to buy the company after its Chapter 11 filing on Sept. 14.

Flywheel Sports Inc. is liquidating the company in a Chapter 7 filing, closing its 42 studios and laying off 1,200 employees.

In total, 12 fitness franchise brands made the 2020 Top Growth Franchises list, which is based on steady growth over a three-year period.