Performance Health acquires TheraPearl
AKRON, Ohio — Performance Health, the manufacturer and marketer behind TheraBand, Biofreeze, Perform, Cramer, Bon Vital' and Hygenic products, last week announced that it acquired TheraPearl, the creator of hot and cold therapy products.
“TheraPearl brings proven strength and additional scale to our emerging retail business,” stated Marshall Dahneke, president and CEO of Performance Health. “The alignment for us is both natural and exciting as Performance Health is well-positioned to introduce and promote TheraPearl’s unique portfolio more broadly while TheraPearls’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.”
TheraPearl recently ranked 41st on Forbe's list of most promising companies. The company will continue to operate from its headquarters in Maryland.
“TheraPearl 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 TheraPearl. “In just six years, TheraPearl 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.”