NORWELL, Mass. — Carex Health Brands announced the acquisition of the ThermiPaq Hot & Cold Therapy brand along with other associated assets from Thermionics Corp.
“We have always admired the ThermiPaq brand and its leadership in the clay hot/cold segment,” stated Matt McElduff, president of Carex Health Brands." The ThermiPaq products are a perfect fit for the Carex portfolio of hot/cold brands including the market-leading Bed Buddy moist heat ThermaTherapy brand and our TheraMed brand. This acquisition further solidifies our leadership in the market and allows Carex to improve service to our existing customers through an expanded hot/cold portfolio.”
“Carex Health Brands has long been respected for many of the same values as ThermiPaq, including quality, value and integrity,” noted Gregg Harwood, founder of Thermionics. “I am pleased to hand over the reins to a company which shares my passion for improving the well-being of others.”