BowFlex Wins Approval of $37 Million Sale to Johnson Health Tech

BowFlex Inc. won bankruptcy court permission to sell its business to Johnson Health Tech Retail Inc. for $37.5 million after the maker of home fitness equipment failed to attract better bids for its business.

• Judge Andrew B. Altenburg Jr. said Monday he’d approve the sale after a BowFlex lawyer said the company canceled a proposed Chapter 11 auction because they didn’t get any other qualified bids for its assets
  • BowFlex said during a court hearing that it has started working to transition the operation of its business to JHT
• BowFlex makes adjustable weight dumbbells, weight machines and other home gym ...