Swanson Health Products Bought By Swander Pace Capital
A private equity firm announces it’s buying a local health product company.
Swander Pace Capital will acquire Swanson Health Products after Lee Swanson retires.
Swanson started his company 45 years ago in Fargo and it carries 20 thousand products and provides more than 500 local jobs.
CEO Ken Harris says there will be no dramatic changes and no job cuts.
“We were very fortunate to find a company calls Swander Pace Capital, out of San Francisco, who’s main investments are to own a healthy living category,” says Swanson CEO Ken Harris.
Harris says he looks forward to where Swander Pace can take the company in the future.