Performance Health has announced its acquisition of the Maryland-based company THERA°PEARL LLC, the creator of hot and cold therapy products using its proprietary Pearl Technology. According to a Performance Health news release, 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% growth. THERA°PEARL will continue to operate from its headquarters in Maryland.
Marshall Dahneke, president and CEO of Performance Health, states, “THERA°PEARL brings proven strength and additional scale to our emerging retail business. 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.”
Dahneke adds, “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.”
Daniel Baumwald, president of THERA°PEARL LLC, says, “THERA°PEARL is excited to join Performance Health and its portfolio of brands that share the common goal of offering innovative wellness products. Baumwald adds, “In just 6 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]