Fitness financials: Nautilus sells Virginia facility
Nautilus said it completed the sale of its manufacturing and warehouse facility to Quinton Commercial Fitness, an affiliate of Med-Fit Systems, for $2.1 million.
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Nautilus sells Virginia facility
Nautilus (NYSE: NLS) said it completed the sale of its manufacturing and warehouse facility to Quinton Commercial Fitness, an affiliate of Med-Fit Systems, for $2.1 million, according to a filing with the SEC.
Nautilus sold its commercial assets to Med-Fit in February 2010 and included a lease agreement for the Independence, Va., facility. At the time, Quinton, as the assignee of Med-Fit, was granted an option to buy the facility, which it exercised before the Aug. 31 deadline.
–Compiled by Wendy Geister
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