ICON Health & Fitness
Encyclopedia
ICON Health and Fitness, Inc. is an exercise equipment
manufacturer and marketer based in Logan
, Utah
, United States
.
of exercise equipment. The privately held company
employs about 2500 people in 9 locations, including facilities in China
, Europe
, and North
and South America
. The company manufactures treadmill
s, elliptical trainer
s, stationary bicycles, weight machine
s and benches
, and yoga
and Pilates
equipment. ICON is ISO 9000
certified, and holds about 200 patents.
, and FreeMotion Fitness. Other brands include EPIC, Image, and iFit.
students Scott Watterson and Gary E. Stevenson
founded Weslo, Inc., a company that imported Asian kitchen
and tableware
, along with marble
products. In 1979, Weslo began selling wood-burning stove
s under the Fire King brand. In the 1980s, they began manufacturing trampoline
s, and then, under the name ProForm Fitness Products, treadmills, exercise bikes, indoor rower
s, and home gyms.
In 1988, Weider Health and Fitness acquired Weslo and ProForm, and in 1990, moved them into the current 300000 ft2 headquarters in Logan.
In 1994, Weider sold ProForm and Weslo, along with Weider Care, to IHF Capital Inc, a group led by Mitt Romney
's Bain Capital
, in a deal equaling U.S.$450 million. The companies were renamed ICON Health and Fitness, Inc.
ICON acquired HealthRider in 1996, NordicTrack in 1999, and FreeMotion Fitness, Inc in 2001.
Exercise equipment
An apparatus or device used in any given physical activity for shaping and forming muscle groups for specific areas of the body. A mechanism or machine that is intended to promote health and fitness by using motion with varying degrees of resistance either fixed or adjustable.-Exercise...
manufacturer and marketer based in Logan
Logan, Utah
-Layout of the City:Logan's city grid originates from its Main and Center Street block, with Main Street running north and south, and Center east and west. Each block north, east, south, or west of the origin accumulates in additions of 100 , though some streets have non-numeric names...
, Utah
Utah
Utah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
Company overview
ICON Health and Fitness is the world’s largest manufacturerManufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
of exercise equipment. The privately held company
Privately held company
A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the...
employs about 2500 people in 9 locations, including facilities in China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, and North
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
. The company manufactures treadmill
Treadmill
A treadmill is an exercise machine for running or walking while staying in one place. The word treadmill traditionally refers to a type of mill which was operated by a person or animal treading steps of a wheel to grind grain...
s, elliptical trainer
Elliptical trainer
An elliptical trainer or cross-trainer is a stationary exercise machine used to simulate stair climbing, walking, or running without causing excessive pressure to the joints, hence decreasing the risk of impact injuries...
s, stationary bicycles, weight machine
Weight machine
A weight machine is an exercise machine used for weight training that uses gravity as the primary source of resistance and a combination of simple machines to convey that resistance to the person using the machine...
s and benches
Bench (weight training)
A weight training bench is a piece of equipment that has a resemblance to a normal bench, but is designed for use in weight training....
, and yoga
Yoga
Yoga is a physical, mental, and spiritual discipline, originating in ancient India. The goal of yoga, or of the person practicing yoga, is the attainment of a state of perfect spiritual insight and tranquility while meditating on Supersoul...
and Pilates
Pilates
Pilates is a physical fitness system developed in the early 20th century by Joseph Pilates in Germany, the UK and the USA. As of 2005, there were 11 million people practicing the discipline regularly and 14,000 instructors in the United States....
equipment. ICON is ISO 9000
ISO 9000
The ISO 9000 family of standards relates to quality management systems and is designed to help organizations ensure they meet the needs of customers and other stakeholders . The standards are published by ISO, the International Organization for Standardization, and available through National...
certified, and holds about 200 patents.
Brands
ICON’s major brands include ProForm, Weslo, Weider, HealthRider, NordicTrackNordicTrack
NordicTrack is a manufacturer of exercise equipment, and is known for its ski machines. It was founded by Edward Pauls in 1975, and acquired by CML corporation in 1986. In 1990, they began to open retail outlets. Around 1995, sales began to decline, leading to bankruptcy and closure of its 300...
, and FreeMotion Fitness. Other brands include EPIC, Image, and iFit.
History
In 1977, Utah State UniversityUtah State University
Utah State University is a public university located in Logan, Utah. It is a land-grant and space-grant institution and is accredited by the Northwest Commission on Colleges and Universities....
students Scott Watterson and Gary E. Stevenson
Gary E. Stevenson
Gary Evan Stevenson has been a general authority of The Church of Jesus Christ of Latter-day Saints since April 2008....
founded Weslo, Inc., a company that imported Asian kitchen
Kitchenware
Kitchenware include utensils, appliances, dishes, cookware, and so on for use in the kitchen.-See also:*Cookware and bakeware*Dishware*Drinkware*List of eating utensils*List of food preparation utensils*List of Japanese cooking utensils...
and tableware
Tableware
Tableware is the dishes or dishware , dinnerware , or china used for setting a table, serving food, and for dining. Tableware can be meant to include flatware and glassware...
, along with marble
Marble
Marble is a metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or dolomite.Geologists use the term "marble" to refer to metamorphosed limestone; however stonemasons use the term more broadly to encompass unmetamorphosed limestone.Marble is commonly used for...
products. In 1979, Weslo began selling wood-burning stove
Wood-burning stove
For a list of stove types see Stove .A wood-burning stove is a heating appliance capable of burning wood fuel and wood-derived biomass fuel. Generally the appliance consists of a solid metal closed fire chamber, a grate and an adjustable air control...
s under the Fire King brand. In the 1980s, they began manufacturing trampoline
Trampoline
A trampoline is a device consisting of a piece of taut, strong fabric stretched over a steel frame using many coiled springs. People bounce on trampolines for recreational and competitive purposes....
s, and then, under the name ProForm Fitness Products, treadmills, exercise bikes, indoor rower
Indoor rower
An indoor rower, or rowing machine, is a machine used to simulate the action of watercraft rowing for the purpose of exercise or training for rowing. Indoor rowing has become established as a sport in its own right...
s, and home gyms.
In 1988, Weider Health and Fitness acquired Weslo and ProForm, and in 1990, moved them into the current 300000 ft2 headquarters in Logan.
In 1994, Weider sold ProForm and Weslo, along with Weider Care, to IHF Capital Inc, a group led by Mitt Romney
Mitt Romney
Willard Mitt Romney is an American businessman and politician. He was the 70th Governor of Massachusetts from 2003 to 2007 and is a candidate for the 2012 Republican Party presidential nomination.The son of George W...
's Bain Capital
Bain Capital
Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...
, in a deal equaling U.S.$450 million. The companies were renamed ICON Health and Fitness, Inc.
ICON acquired HealthRider in 1996, NordicTrack in 1999, and FreeMotion Fitness, Inc in 2001.