Cybex International (

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

CYBI
is an American fitness equipment manufacturer for commercial and consumer use. They produce mainly

cardiovascular The blood circulatory system is a system of organs that includes the heart, blood vessels, and blood which is circulated throughout the entire body of a human or other vertebrate. It includes the cardiovascular system, or vascular system, tha ...

and strength equipment such as Arc Trainers,

treadmill A treadmill is a device generally used for walking, running, or climbing while staying in the same place. Treadmills were introduced before the development of powered machines to harness the power of animals or humans to do work, often a type of ...

stationary bicycle A stationary bicycle (also known as exercise bicycle, exercise bike, spinning bike, spin bike, or exercycle) is a device used as exercise equipment for indoor cycling. It includes a saddle, pedals, and some form of handlebars arranged as on ...

s and steppers. Cybex

markets Market is a term used to describe concepts such as: * Market (economics), system in which parties engage in transactions according to supply and demand * Market economy *Marketplace, a physical marketplace or public market Geography *Märket, a ...

their products through

distributors A distributor is an enclosed rotating switch used in spark-ignition internal combustion engines that have mechanically timed ignition. The distributor's main function is to route high voltage current from the ignition coil to the spark plugs ...

in over 87 countries. The company has over 600 employees and their products are

manufactured Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a rang ...

in their two manufacturing facilities, located in

Franklin Park, Illinois Franklin Park is a village in Cook County, Illinois, United States. The population was 18,467 at the 2020 census, up from 18,333 at the 2010 census. It was named for real estate broker Lesser Franklin who bought acres of the area when it was a maj ...

, and

Owatonna, Minnesota Owatonna () is a city in Steele County, Minnesota, United States. The population was 25,599 at the 2010 census. It is the county seat of Steele County. Owatonna is home to the Steele County Fairgrounds, which hosts the Steele County Free Fair i ...

History

Cybex International was founded in the late 60's as "The Cybex Ergometer Company" in

Ronkonkoma, New York Ronkonkoma ( ) is a hamlet and census-designated place (CDP) on Long Island in the Town of Islip, New York, United States. Its population was 19,082 at the 2010 census. The Ronkonkoma post office has the ZIP Code 11779, and serves parts of seve ...

. It was acquired by Lumex, which was traded publicly on the

American Stock Exchange NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known ...

. At that time, they manufactured

isokinetic Muscle contraction is the activation of tension-generating sites within muscle cells. In physiology, muscle contraction does not necessarily mean muscle shortening because muscle tension can be produced without changes in muscle length, such as w ...

rehabilitation Rehabilitation or Rehab may refer to: Health * Rehabilitation (neuropsychology), therapy to regain or improve neurocognitive function that has been lost or diminished * Rehabilitation (wildlife), treatment of injured wildlife so they can be retur ...

equipment. In 1995, Lumex sold its medical supply business and changed its name to Cybex ( AMEX: CYB). In May 1997, Cybex merged with Trotter, Inc, primarily a manufacturer of treadmills, whose manufacturing facility was located in Medway. In this

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

, UM Holdings, the owner of Trotter, Inc, gained 51% of Cybex's interests and

publicly traded A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (list ...

the company. In 1998, Cybex acquired Tectrix, a

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

-based manufacturer of primarily bikes and steppers; the production of which was moved to Cybex's manufacturing facility in Medway. Cybex acquired direct sales and distribution in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

by its 2001 acquisition of Forza. Arc Trainer is their most recent product.

Acquisition by Life Fitness

As of January 20, 2016, Cybex International, Inc. was purchased by

Brunswick Corporation Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Today, Brunswick has more than 13,000 employ ...

for $195 million. As part of this purchase, Cybex is to join the

Life Fitness Life Fitness is an American fitness company specializing in the production and distribution of cardiovascular and strength training equipment under several brands including Life Fitness, Cybex and Hammer Strength. It is headquartered in Franklin ...

portfolio of fitness brands along with Life Fitness, Hammer Strength, InMovement, SciFIT, and Indoor Cycling Group (ICG).

Closure of Medway, MA Manufacturing Facility

As part of the integration process for Cybex International, Inc. and Brunswick Corporation/Life Fitness, the Medway, MA manufacturing facility, which employs approximately 150 people, will be shut down effective September 30, 2017. Component fabrication and engineering will be moved to other locations, including the Cybex location in Owatonna, MN, Franklin Park, IL, and Rosemont, IL.

References

External links

*
Parent company websiteUsed Gybex Machines
Exercise equipment companies Manufacturing companies based in Illinois Rosemont, Illinois Companies based in Cook County, Illinois 2016 mergers and acquisitions 2019 mergers and acquisitions Brunswick Corporation {{US-manufacturing-company-stub