Young Innovations, a leading global manufacturer and distributor of dental supplies and equipment, based in Algonquin, IL, announced, on January 23rd, 2017, the acquisition of Mydent International, based in Hauppauge, NY.
Mydent, known globally for their DEFEND® brand, has been, for 30+ years, a leading supplier of high quality products in infection control, disposables, preventatives, impression materials, restoratives, and rotary instruments.
We’re excited about our acquisition of Mydent as the latest example of our focused and active acquisition growth strategy. The DEFEND brand is known for high-quality products at value prices, which aligns well with the rest of our brand and product portfolio.” said Andrew Jones, Vice President of Corporate Development at Young Innovations.
Customers and vendors should expect no immediate changes in regards to ordering and service procedures.
Connect the Dents, LLC, based in New York, NY, served as an M & A consultant to Mydent International in this transaction.
SOURCE: Connect the Dents, LLC
Contact:Dr. Anthony Stefanou / President
BC Partners has agreed to acquire Zest Anchors LLC, a maker of dental products backed by Avista Capital Partners.
Founded in 1977, the Carlsbad, Calif., company, which is also known as Zest Dental Solutions, focuses on products used in dental implant surgery, including narrow diameter implant systems, implant attachment systems and other tools used in overdenture cases.
Zest markets three product lines: Zest Anchors, which focuses on dental implant restorative products, including narrow diameter implant systems and implant attachment systems; Danville Materials, which sells equipment and materials for restorative dental treatment procedures….Read the rest HERE.
DenTek Oral Care has entered into an acquisition agreement with Prestige Brands. Prestige Brands owns many well known products such as , Efferdent, Comet, Spic & Span, Sucrets, Beano, and PediaCare to name just a few. The acquisition of DenTek helps Prestige grow their retail oral care line dramatically while leveraging and expanding their presence in retailers across in the US and abroad.
Connect the Dents was pleased to represent and assist DentiSmart in their successful acquisition by Young Innovations.
GRAFTON, Wis., May 4, 2015 /PRNewswire/ –Microbrush International, a leading developer, producer and marketer of high-quality consumables used in dental restorative procedures, today announced the acquisition of DentiSmart LLC. DentiSmart is a producer of an innovative sectional matrix system used in dental restorative procedures.
“We are excited about the opportunity to add DentiSmart to our growing portfolio of restorative accessories,” said John Frymark, VP and General Manager of Microbrush. “DentiSmart’s products are well known for their superior clinical benefit and ease of use, which aligns closely with the rest of our best-in-class restorative accessories brands, including Microbrush Brand micro-applicators along with the new TRU™ by Microbrush® and recently added DryTips® moisture control products.”
“We are thrilled to join the rapidly expanding restorative accessories platform at Microbrush and to partner our innovative product system and portfolio of ideas with Young Innovations’ manufacturing, sales and marketing expertise,” added John Boos, President and CEO of DentiSmart. “Young is the ideal partner for us, and we are looking forward to working collaboratively in the next phase of DentiSmart’s growth.”
“This acquisition represents our continued commitment to strategically expand our restorative accessories platform at Microbrush,” said Dave Sproat, CEO of Microbrush parent-company Young Innovations. “We will continue to be acquisitive in our core categories of preventive, restorative and endodontics as we seek to partner with attractive companies and add innovative products to our global portfolio.”
DentiSmart President and CEO John Boos and Senior VP of Marketing Heath O’Leary will join Young as part of the transaction. Current DentiSmart customers and vendors will receive updates from DentiSmart and Microbrush in the next few days; there are no immediate changes to ordering and customer service procedures.
Microbrush International is a wholly-owned subsidiary of Young Innovations, Inc., which is a portfolio company of Linden Capital Partners.
Full press release HERE
SOURCE Microbrush International
Patterson Dental acquires Holt Dental Supply
Interesting note…Holt’s revenue is appx. 15M with focus on the upper Midwestern US.
From the press release sent out from Paul Guggenheim dated Dec. 15, 2014….
We are pleased to announce that Patterson Dental has acquired Holt Dental Supply, a full- service dental supply company based in Waukesha, Wis.
Holt Dental Supply has grown to a prominent position in the upper Midwest dental market and, like Patterson, has dedicated employees who have earned the trust of loyal customers. Through our strengthened Patterson presence in the Midwest, dental practices will benefit from our combined knowledgeable workforce and additional technology and product offerings that continue to set the standard for the patient experience and for dental staff satisfaction too, as dental teams thrive in an efficient, streamlined environment that frees up time.
We also share a strong commitment to taking care of the customer and establishing successful relationships with our business partners. We continue to value our relationship with you, and our focus remains clear and consistent: to serve the dental market with the highest-quality products and services.
Changes you will see include blending Holt Dental Supply operations into the Patterson Dental Milwaukee Branch. Holt Dental Supply customers will be served primarily from the Patterson Distribution Center in South Bend, Ind. Effective immediately, Holt Co-owner and President Paul Holt has joined Patterson Dental, as district sales manager with our Milwaukee Branch.
As can be expected, there are details with combining our operations yet to be worked out. We request your cooperation and deeply appreciate your support to help ensure a smooth transition.
Thank you, in advance, for your assistance during this period of progressive growth and change as we increase our presence in Wisconsin and the upper Midwest. We look forward to working with you as we strengthen our position as an industry leader and continue creating the best possible value for customers.
Read the full press release on the Patterson Dental website – LINK
Ranir of Grand Rapids , MI acquires French dental tooth brush manufacturer Oralys.
See story HERE.
Visit Ranir’s website HERE
Visit Oralys’s website HERE
Transaction Marks Henry Schein’s Entrance Into World’s 2nd Largest Dental Market
MELVILLE, N.Y., Oct. 19, 2014 /PRNewswire/ — Henry Schein, Inc. (NASDAQ: HSIC), the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners, announced today that it has invested in Iwase Dental Supply, Inc., a leading full-service provider of dental consumables, implants and equipment in Japan. The transaction marks Henry Schein’s entrance into Japan, the world’s 2nd largest dental market, and increases to 28 the number of countries in which the Company operates.
Iwase Dental Supply’s existing shareholders, including the Iwase family, will continue to hold the remaining shares of the company. Henry Schein will not be consolidating Iwase’s financial results. Financial and other terms of the transaction were not disclosed. The Company expects the transaction to be neutral to its earnings per share in 2015.
Founded in 1926 with headquarters in Utsunomyia, Japan, Iwase Dental Supply is a privately held company with 240 team members, including 150 sales representatives. Led by Mr. Kenichiro Iwase, the third generation of the Iwase family to lead the company, Iwase Dental Supply reported 2013 sales of $190 million. Mr. Iwase has been named Representative Director and Managing Director of Henry Schein Japan, and will continue to lead Iwase Dental Supply.
“Henry Schein is pleased to enter the world’s 2nd largest dental market alongside such a highly regarded partner as Iwase Dental Supply,” said Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “Building on the strong 89-year heritage of Iwase Dental Supply, we look forward to working with the Iwase family and benefitting from their unique market insights and decades of industry leadership. We believe the Japanese dental market, with an estimated 68,000 practicing dentists serving an aging population and increasing demand for elective dental procedures, will continue to grow in the years to come. With the expertise of Kenichiro Iwase, we expect to pursue additional transactions in the Japanese market and expand our business to meet this anticipated demand.”
Iwase Dental Supply, the third largest dental dealer in Japan, operates one distribution facility and has 14 branch offices serving nine prefectures, including the eight prefectures surrounding Tokyo, as well as Iwate in northern Japan.
“We are pleased to partner with a company similar to Iwase Dental that has been dedicated to serving dental practitioners for more than three quarters of a century,” said Mr. Iwase. “With the global resources that Henry Schein provides, our vision is to build the premiere pan-Japanese oral health distributor and we are eager to find the right strategic partners to make this a reality.”
Henry Schein’s dental business is the leading global distributor of products and services, including innovative digital dental technology solutions, to office-based general dental practitioners, dental specialists and dental laboratories. The Company serves its customers through a multifaceted sales and marketing approach that includes more than 2,600 dedicated dental field sales consultants, as well as product specialists, telesales representatives and direct marketing programs. Henry Schein’s global dental business had 2013 sales of approximately $5 billion.
About Henry Schein, Inc.
Henry Schein, Inc. is the world’s largest provider of health care products and services to office-based dental, animal health and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the NASDAQ 100® Index, Henry Schein more than17,000 Team Schein Members and serves more than 800,000 customers.
The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care. Henry Schein operates through a centralized and automated distribution network, with a selection of more than 96,000 branded products and Henry Schein private-brand products in stock, as well as more than 110,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.
Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 28 countries. The Company’s sales reached a record $9.6 billion in 2013, and have grown at a compound annual rate of approximately 16 percent since Henry Schein became a public company in 1995. For more information, visit the Henry Schein website at www.henryschein.com.
Cautionary Note Regarding Forward-Looking Statements
In accordance with the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important factors that, among others, could cause future results to differ materially from the forward-looking statements, expectations and assumptions expressed or implied herein. All forward-looking statements made by us are subject to risks and uncertainties and are not guarantees of future performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are identified by the use of such terms as “may,” “could,” “expect,” “intend,” “believe,” “plan,” “estimate,” “forecast,” “project,” “anticipate” or other comparable terms. A full discussion of our operations and financial condition, including factors that may affect our business and future prospects, is contained in documents we have filed with the SEC and will be contained in all subsequent periodic filings we make with the SEC. These documents identify in detail important risk factors that could cause our actual performance to differ materially from current expectations.
Risk factors and uncertainties that could cause actual results to differ materially from current and historical results include, but are not limited to: effects of a highly competitive market; our dependence on third parties for the manufacture and supply of our products; our dependence upon sales personnel, customers, suppliers and manufacturers; our dependence on our senior management; fluctuations in quarterly earnings; risks from expansion of customer purchasing power and multi-tiered costing structures; possible increases in the cost of shipping our products or other service issues with our third-party shippers; general global macro-economic conditions; disruptions in financial markets; possible volatility of the market price of our common stock; changes in the health care industry; implementation of health care laws; werfailure to comply with regulatory requirements and data privacy laws; risks associated with our global operations; transitional challenges associated with acquisitions and joint ventures, including the failure to achieve anticipated synergies; financial risks associated with acquisitions and joint ventures; litigation risks; the dependence on our continued product development, technical support and successful marketing in the technology segment; risks from challenges associated with the emergence of potential increased competition by third party online commerce sites; risks from disruption to our information systems; certain provisions in our governing documents that may discourage third-party acquisitions of us; and changes in tax legislation. The order in which these factors appear should not be construed to indicate their relative importance or priority.
We caution that these factors may not be exhaustive and that many of these factors are beyond our ability to control or predict. Accordingly, any forward-looking statements contained herein should not be relied upon as a prediction of actual results. We undertake no duty and have no obligation to update forward-looking statements.
CONTACT: Investors: Steven Paladino, Executive Vice President and Chief Financial Officer, firstname.lastname@example.org, (631) 843-5500; Carolynne Borders, Vice President, Investor Relations, email@example.com, (631) 390-8105; Media: Susan Vassallo, Vice President, Corporate Communications, firstname.lastname@example.org, (631) 843-5562
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