CML Shops Nordic Track

Share this article:
CML Group, Acton, MA, whose subsidiary Nordic Track filed for Chapter 11 bankruptcy last month, has entered into a preliminary sales and purchase agreement to sell Nordic Track to ICON Health & Fitness for $6.5 million. CML continued to accept offers through Dec. 8.


It's hoped by CML management that the sale of Nordic Track, combined with an extension of its credit facility, will allow the company to continue operations of its profitable Smith & Hawken home and garden catalog and retail business. CML plans to recapitalize to reduce its debt load and provide additional working capital for Smith & Hawken.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

B2B Marketers Can Now Self-Serve Ads on Facebook Exchange

B2B Marketers Can Now Self-Serve Ads on Facebook ...

Sitescout's new integration with FBX opens up access to any size marketer, minus campaign spend minimums, according to the RTB company.

Day Two at DMA2014

Day Two at DMA2014

It was awards day in San Diego, with Teradata's Lisa Arthur being named Marketer of the Year, and Google Japan being feted for its direct mail prowess.

Today's Forecast: Chilly With a 10 Percent Lift in Parka Sales

Today's Forecast: Chilly With a 10 Percent Lift ...

The Weather Company launches a website offering marketers free advice on how to take advantage of shifts in the weather.