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

URLhttps://www.benzinga.com/m-a/20/12/18887261/peloto
SourceBENZINGA
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
Find Reshoring Articles