Peloton Looks To Boost US Manufacturing With $420M Precor Acquisition

Date Published12/21/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Peloton Interactive Inc.
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):420
City reshored to:Seattle
State(s) reshored to:WA
If relevant, work nearshored to:-
Industry(ies):Hobbies (subset of Miscelaneous)
Product(s) reshoredstationary bike, exercise bike, exercise equipment
What domestic positive factors made reshoring more attractive?Higher productivity, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training
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