TREVOSE, Pa.— Swander Pace Capital (SPC) announced on Thursday that it completed the sale of Clarion Brands, a leading consumer products company specializing in over-the-counter health care solutions and dietary supplements, to Bridges Consumer Healthcare, a consumer health care company partnering with Charlesbank Capital Partners. Clarion markets a portfolio of leading niche O-T-C and dietary supplements brands that are sold to food, drug, mass, and online retailers throughout the United States and Canada.
Swander Pace Capital partnered with the former management team of Insight Pharmaceuticals following its sale to Prestige Brands Holdings in 2014, and created the Clarion consumer healthcare platform. Under the ownership of SPC, Clarion built its product portfolio of seven brands specializing in over-the-counter healthcare solutions, including three No. 1 health care professional recommended brands: Florajen Probiotics, the No.1 pharmacist recommended probiotic brand where carried, Lipo-Flavonoid, the No. 1 ENT doctor recommended O-T-C product for ringing in the ears (tinnitus) and Certain Dri, the No.1 doctor recommended O-T-C brand for controlling excessive underarm sweating (hyperhidrosis).
“The SPC team was essential in providing the guidance and financial support to grow our business, and it’s been our pleasure to work with them through two very successful transactions,” commented Gary Downing, CEO of Clarion. “Our work together has helped accelerate our value creation initiatives, including new product innovation, growth with our retail partners, unique HCP outreach initiatives and aggressive efforts to build out e-commerce channels.”
“We are very proud to have partnered with Gary and the Clarion team for another successful investment in the O-T-C category,” commented Mo Stout, managing director at Swander Pace Capital. “Through significant brand development, innovation, and operational execution, we were able to create a best-in-class O-T-C platform company. We want to thank the entire Clarion team for all of their hard work during our ownership, and we look forward to watching the brands continue to grow and flourish as part of the Bridges organization.”