Tommie Copper announced that it had acquired Profoot’s footcare device division. The company said the carve-out acquisition of Profoot aligns with its mission “to empower individuals to live an active lifestyle with comfort and confidence, and will integrate the company’s device portfolio and technology into its foot pain management offerings.”
Terms were not disclosed.
“With Profoot’s expertise in footcare and Tommie Copper’s dedication to relief, recovery and performance, this union promises to deliver enhanced solutions for customers seeking holistic pain management from head to toe,” said the company.
“We are thrilled to welcome Profoot into the Tommie Copper family,” noted Tommie Copper CEO Sol Jacobs. “Their reputation as the expert in foot care perfectly complements our commitment to delivering innovative pain management solutions. Over the past few years, we’ve seen our biggest growth in needs-based pain management. Knowing that nearly 75 percent of US adults experience foot pain, there’s a significant opportunity for us to super-serve people’s comprehensive needs.”
Dan Feldman, CEO of Rooftop Consumer Health, formerly Profoot, shared his optimism about the acquisition. “We’re so proud of the reputation we’ve built as a leader in innovation within the footcare device category; Tommie Copper will further enhance the Profoot brand’s already stellar reputation. Their resources, expertise, and marketing power significantly enhance the potential for the brand.”
The company said the acquisition of the Profoot brand by Tommie Copper “marks a significant milestone in both companies’ journeys, paving the way for continued growth and innovation with new products to help millions of adults find solutions for their foot pain.”
Profoot was founded by Dan Feldman in Brooklyn, NY in 1986. Aramar Capital Group acted as financial advisor to Profoot on the transaction.
Image courtesy Profoot
