DENTSPLY International Inc. Acquires The Partial Denture Business of Austenal.Business Editors/Health & Medical Writers YORK, Pa.--(BUSINESS WIRE)--Jan. 18, 2002 DENTSPLY International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :XRAY) today announced it has acquired the partial denture partial denture n. A removable or fixed dental prosthesis that restores one or more, but less than all, of the natural teeth or associated parts and is supported by the teeth or the soft tissue. Also called bridgework. business of Austenal Inc., in a cash transaction valued at approximately $18.3 million. The acquisition of this business is expected to add approximately $20 million to DENTSPLY's annual sales. It is expected that this acquisition will be slightly accretive to earnings per share in 2002. Headquartered in Chicago, Illinois, Austenal manufactures dental laboratory A dental laboratory is a light manufacturing facility for the production of dental restorations on the order of a dentist. Dental laboratories may make dentures, crowns, or other dental restorations such as implant crowns. products and is the world leader in the manufacture and sale of systems used by dental laboratories to fabricate partial dentures. The Company's Vitallium(R) product is recognized worldwide as a leading partial denture casting alloy. Commenting on the transaction, Mr. John C. Miles II, Chairman and Chief Executive Officer of DENTSPLY, said "The Austenal partial dental business fills a gap in our dental laboratory product offerings as we have historically not had a significant share of the partial denture alloy market. This acquisition will allow DENTSPLY to meet all the needs of dental laboratories with a 'one stop shopping' opportunity. We look forward to bringing the strengths of DENTSPLY to bear in expanding sales to dental laboratories globally." 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, precious metal dental alloys, dental ceramics, 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, dental injectible anesthetics Anesthetics Drugs or methodologies used to make a body area free of sensation or pain. Mentioned in: Appendectomy and crown and bridge materials; the leading United States manufacturer and distributor of dental x-ray equipment, dental handpieces, intraoral cameras, dental x-ray film holders, film mounts and bone substitute/grafting materials; and a leading worldwide manufacturer or distributor of impression materials, orthodontic orthodontic (ôr´th  dän´tik),adj appliances, dental cutting instruments and dental implants. The Company distributes its dental products in over 120 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. This press release contains forward-looking statements. Actual events or results may differ materially from those in the forward-looking statements set forth herein as a result of certain risk factors. For a description of risk factors, please refer to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filing with the Securities and Exchange Commission. |
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