TheraPearl, a rapidly growing Columbia-based manufacturer of therapeutic hot and cold packs, has been acquired by Performance Health Inc., an Akron, Ohio-based manufacturer and marketer of wellness and rehabilitation products.
Terms of the deal were not disclosed.
TheraPearl will remain in Columbia in the company's 10,000-square-foot headquarters and warehouse off Snowden River Parkway, said Daniel Baumwald, the company's president and CEO. The sale hinged upon keeping TheraPearl's 16 employees together, he said.
TheraPearl may even continue to grow in Columbia, he suggested.
"Everyone's staying on board, but as we look to align ourselves that may...