DENTSPLY International Inc. Announces Two Acquisitions
(Thomson Reuters ONE) -
York, PA - November 22, 2013 - DENTSPLY International Inc.(NASDAQ-XRAY) today
announced that it completed one acquisition and has signed an agreement and
expects to close a second in the near future. The Company completed the
acquisition of QAHR, a direct dental selling organization with headquarters in
Hong Kong and operations also in mainland China. DENTSPLY has had a commercial
relationship with QAHR since 2000 focused primarily on certain of its key dental
implant brands. The Company also announced that it has entered into an
agreement to acquire certain assets of Triodent, a New Zealand-based
manufacturer of a line of professional dental consumables used in restorative
dentistry. Triodent is known for its innovative sectional matrix system.
These two acquisitions represent aggregate annual revenue of approximately $30
million, of which approximately half would be incremental to DENTSPLY given the
prior commercial relationship that existed with both companies. Terms of the
transactions were not disclosed.
About DENTSPLY International, Inc.
DENTSPLY International Inc. is a leading manufacturer and distributor of dental
and other consumable medical device products. The Company believes it is the
world's largest manufacturer of consumable dental products for the professional
dental market. For over 110 years, DENTSPLY's commitment to innovation and
professional collaboration has enhanced its portfolio of branded consumables and
small equipment. Headquartered in the United States, the Company has global
operations with sales in more than 120 countries. Visit www.dentsply.com for
more information about DENTSPLY and its products.
This press release contains forward-looking information (within the meaning of
the Private Securities Litigation Reform Act of 1995) regarding future events or
the future financial performance of the Company that involve substantial risks
and uncertainties. Actual events or results may differ materially from those in
the projections or other forward-looking information set forth herein as a
result of certain risk factors. These risk factors include, without limitation;
the continued strength of dental and medical markets, the timing, success and
market reception for our new and existing products, uncertainty with respect to
governmental actions with respect to dental and medical products, outcome of
litigation and/or governmental enforcement actions, volatility in the capital
markets or changes in our credit ratings, continued support of our products by
influential dental and medical professionals, our ability to successfully
integrate acquisitions, risks associated with foreign currency exchange rates,
risks associated with our competitors' introduction of generic or private label
products, our ability to accurately predict dealer and customer inventory
levels, our ability to successfully realize the benefits of any cost reduction
or restructuring efforts, our ability to obtain a supply of certain finished
goods and raw materials from third parties and changes in the general economic
environment that could affect the business. Changes in such assumptions or
factors could produce significantly different results.
For further information contact:
Derek Leckow
Vice President
Investor Relations
(717) 849-7863
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: DENTSPLY International Inc. via Thomson Reuters ONE
[HUG#1745298]
Unternehmensinformation / Kurzprofil:
Datum: 22.11.2013 - 20:01 Uhr
Sprache: Deutsch
News-ID 319700
Anzahl Zeichen: 4314
contact information:
Town:
York, Pennsylvania
Kategorie:
Business News
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