June 17, 2014 — Performance Health, manufacturer and marketer of TheraBand, Biofreeze, Perform, Cramer, Bon Vital’,and Hygenic branded products, has announced its acquisition of Maryland-based THERA°PEARL LLC, creator of innovative hot and cold therapy products using its proprietary Pearl Technology.
“THERA°PEARL brings proven strength and additional scale to our emerging retail business,” said Marshall Dahneke, president and chief executive officer of Performance Health. “The alignment for us is both natural and exciting, as Performance Health is well positioned to introduce and promote THERA°PEARL’s unique portfolio more broadly while THERA°PEARL’s emphasis on resolving pain and promoting wellness is entirely aligned with our other key brands. Combining their strengths and momentum with the rest of our business will lead to better and more comprehensive solutions for all of the customers we serve.”
THERA°PEARL recently ranked 41st on Forbes magazine’s list of most promising companies and landed at 209 on the 2013 Inc. 500|5000 list of the fastest growing private companies in America with 2,017 percent growth. The company will continue to operate from their headquarters in Maryland.
“THERA°PEARL is excited to join Performance Health and its portfolio of brands that share the common goal of offering innovative wellness products,” said Daniel Baumwald, president of THERA°PEARL. “In just six years, THERA°PEARL has experienced substantial growth by developing a successful product pipeline that appeals to both retailers and consumers. As part of Performance Health, we hope to continue that growth by gaining greater access to channels that reach the healthcare practitioner community.”
Source: Performance Health