DENTSPLY International Acquires Darway Inc.Business Editors YORK, Pa.--(BUSINESS WIRE)--July 20, 2000 DENTSPLY International (Nasdaq-XRAY) today announced that it has completed the acquisition of Darway Inc., of San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , CA, in a cash transaction valued at approximately $3.4 million. The acquisition of this business is expected to add approximately $1 million to DENTSPLY's annual sales. Darway manufactures the patented Palodent Contoured Sectional Matrix System. A matrix band or section is used by dentists to provide a means to contain filling material when the restoration of a tooth requires removing tooth structure that faces an adjacent tooth, the tongue or the cheek. While conventional matrix bands wrap around the entire tooth, the uniqueness of the Palodent System is that only the area being restored needs to be isolated. This provides better contours and contacts and requires less time on the part of the dentist in completing the procedure. Commenting on the transaction, Mr. John C. Miles II, Chairman and Chief Executive Officer of DENTSPLY, said, "The Palodent Matrix System offers dentists a trusted and well accepted technique that saves valuable time in the office. Reality Magazine, the highly rated professional product review journal, has given the system a 5-star rating and it has been their No. 1 choice for matrix systems for 15 consecutive years. This new product line will complement our Company's popular Automatrix(R) System and will be integrated into DENTSPLY's existing L. D. Caulk caulk also calk v. caulked also calked, caulk·ing also calk·ing, caulks also calks v.tr. 1. dental materials business. Moving forward, we believe significant upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar exists for the Palodent Matrix System both within our North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and overseas markets." DENTSPLY designs, develops, manufactures and markets a broad range of products for the dental market. The Company believes that it is the world's leading manufacturer and distributor of dental prosthetics, endodontic Endodontic Pertaining to the inside structures of the tooth, including the dental pulp and tooth root, and the periapical tissue surrounding the root. Mentioned in: Root Canal Treatment endodontic instruments and materials, prophylaxis prophylaxis (prō'fĭlăk`sĭs), measures designed to prevent the occurrence of disease or its dissemination. Some examples of prophylaxis are immunization against serious diseases such as smallpox or diphtheria; quarantine to confine paste, dental sealants, ultrasonic scalers, and crown and bridge materials; the leading United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. manufacturer and distributor of dental x-ray equipment, dental handpieces, dental x-ray film holders, film mounts and bone substitute/grafting materials; and a leading United States manufacturer or distributor of impression materials, orthodontic orthodontic (ôr´th  dän´tik),adj appliances, dental cutting instruments, intraoral cameras and dental operatory software systems. The Company distributes its dental products in over 100 countries under some of the most well established brand names in the industry. DENTSPLY is committed to the development of innovative, high quality, cost-effective new products for the dental market. |
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