Hygenic Corp. Aquires Performance
The Hygenic Corporation, a manufacturer and marketer
of brands including Thera-Band, Dyna-Band, Parabath and Hygenic,
announced in late May its acquisition of Performance Health, Inc.,
developer and marketer of the Biofreeze brand of topical analgesics
and Prossage brand of warming massage ointment.
"We are excited about this business combination,"
stated Chris Cox, Perry Isenberg and Craig Cox, owners of Performance
Health, Inc., in a joint company statement, "and believe it
offers the additional scale and resources to accelerate the development
of new products and continue to serve the health-care community
to which we've been committed since the inception of [Performance
The two companies market to “hands-on health
care professionals,” including massage therapists, chiropractors,
physical therapists and athletic trainers.
Hygenic was founded in 1930 and is headquartered
in Akron, Ohio. Performance Health was founded in 1990 and is headquartered
in Export, Pennsylvania.
According to Hygenic spokesperson Mark Anderson,
Isenberg and Craig and Chris Cox will all be retained in managerial
positions with Performance Health.
Earl DeCarli, president and CEO of Hygenic, said,
"We are committed to serving health-care and wellness practitioners
by expanding our product offering in strategically important categories
such as topical analgesics for pain management and total wellness.