Rollits advise on sale of online fitness firm Pure-tec Limited
Rollits has recently advised the owners of Pure-tec Limited, an
online fitness distributor, on its sale to Impex Fitness, for an
Impex Fitness is the largest distributor of home strength
training equipment in the USA and has been looking to expand into
Europe for the past few years.
The deal sees Impex continue to expand its operations into
continental Europe, the Middle East and India and secures 20
permanent jobs in the region.
Pure-tec is already working with Amazon, Tesco, Littlewoods and
House of Fraser and with the support of its new international
parent company is planning to add to that portfolio.
The Rollits' team was led by Corporate Partner John
Flanagan working with Jaspaul Dhesi.
Ian Lamb of Smailes Goldie provided the accountancy advice
to the Sellers on the sale.
Mr Flanagan comments: "Pure-tec has built up an impressive
business and it's been a pleasure working with them on this sale
and we wish Impex Fitness success with taking the business forward
in the future"
Impex Fitness was advised by Paul Berwin, at
Berwins, and by Jonathan Davis and Martin Holden from the
Harrogate office of Saffery Champness.
Posted on: 19/09/2016
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