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Power Plate bought out of administration
By Tom Walker
US-based PPI Acquisitions has acquired vibration fitness equipment supplier Power Plate out of administration.
The company's administrators - Duff & Phelps - confirmed that it had agreed a deal which includes all of Power Plate's business and assets.
The sale process has entered into an exclusivity period while the contractual terms are completed and during which time PPI Acquisitions will be operating the Power Plate business under license from the administrators.
Additionally, PPI Acquisitions has entered into an exclusive manufacturing agreement with the current manufacturer of Power Plate products.
With this agreement in place, PPI Acquisitions will be the sole source for the complete line of Power Plate branded products world-wide.
US-based PPI Acquisitions has acquired vibration fitness equipment supplier Power Plate out of
administration.
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