What began as a side hustle for Nick Thuswaldner and Jules Lauzon has grown into a rapidly expanding business selling custom dumbbells and barbell plates made out of concrete.
The closure of gyms and fitness centres due to government restrictions aimed at controlling the spread of COVID-19 is leading many residents to exercise at home. But those looking to bulk up their personal gyms with weights and other equipment are often finding that shops are sold out, or that prices have skyrocketed in response to the spike in demand.
Thuswaldner and Lauzon saw an opportunity for their business, Garage Gym Guys, to fill that gap.
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Beachbody To Become Publicly Traded Company
WASHINGTON (dpa-AFX) - Beachbody Company Group LLC said that it plans to become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corp. (FRX), a publicly traded special purpose acquisition company, and Myx Fitness Holdings LLC.
Upon closing of the business combination transaction, The Beachbody Company will be the parent company of three premium content and technology-driven businesses: Beachbody On Demand, Openfit and Myx.
The transaction is expected to close in the second quarter of 2021 and the combined company will be listed on the NYSE under a new ticker symbol, BODY .