Supplier News Breaks Archives
TheraPearl recognized for fast growth
August 21st, 2013
JESSUP, Md. – TheraPearl LLC has earned a spot on the Inc. 500 list of the fastest-growing companies.
Daniel Baumwald, president of TheraPearl, said the maker of hot/cold therapy products received a congratulatory letter from Inc. magazine editor-in-chief Eric Schurenberg earlier this month to inform the company that it was No. 210 on this year's list.
"Simply to make it onto the Inc. 500 this year, your company had to grow more than 918% from the start of 2010. The average company on the list grew a mind-boggling 2,900%. Those are results most businesses could only dream of in the economy of the past three years," Schurenberg wrote in the letter to TheraPearl.
According to the Inc. 500 list, TheraPearl posted three-year sales growth of 2,017%, with revenue surging from $236,252 in 2009 to $5 million in 2012.
TheraPearl's packs use its innovative Pearl Technology, which absorbs and delivers heat or cold for the doctor-recommended 20 minutes of therapy. The company notes that the dual action provides twice the therapeutic benefit in one pack, since users can start with cold to reduce swelling and bruising and then go to heat for penetrating pain relief. Users just place the pack in the freezer or refrigerator for cold therapy or put it in the microwave for heat treatment.
Hypoallergenic and non-toxic, TheraPearl's packs are designed to alleviate pain and inflammation from muscle strains and sprains, swelling from surgery, spa treatments and allergies, and other pain-producing conditions. Products include knee, shin, neck and back wraps; sports packs and children's packs; face and eye masks; and a breast pack, among other offerings.