DENTSPLY International Inc. acquires SPAD Laboratories.YORK, Pa.--(BUSINESS WIRE)--Feb. 3, 1997--DENTSPLY International Inc. (Nasdaq:XRAY) announced that on Jan. 30, 1997 it concluded a transaction for the purchase of 100% of the outstanding Capital Stock of Laboratoire SPAD, S.A. (SPAD Laboratories), a subsidiary of GROUPE MONOT, S.A. for FF198,000,000 in a cash transaction valued at approximately $35 million. This transaction is expected to add approximately $18 million to DENTSPLY's annual sales. SPAD Laboratories is a leading French manufacturer and distributor of dental anesthetic and other dental products. Injectable in·ject·a·ble adj. Capable of being injected. Used of a drug. n. A drug or medicine that can be injected. and topical anesthetics Anesthetics Drugs or methodologies used to make a body area free of sensation or pain. Mentioned in: Appendectomy are one of the top two clinical expense items for the average dental practice Noun 1. dental practice - the practice of dentistry practice - the exercise of a profession; "the practice of the law"; "I took over his practice when he retired" . Based in Dijon, France, SPAD products have achieved an enviable reputation for quality and reliability. This, along with their well-trained sales force and excellent customer focus, has positioned them as a preeminent French dental manufacturer. Commenting on the acquisition, John C. Miles II, vice chairman and chief executive officer of DENTSPLY, said, "We are pleased that SPAD is now a member of the DENTSPLY family. France represents approximately a $700 million dental market, the second largest in Europe after Germany. SPAD is a key player in this market with more than 22,000 of the 35,000 French dentists as customers. "This acquisition offers greatly expanded and faster opportunities for us to personally present the innovative products emanating from our global research and development facilities. We expect this will bode well for DENTSPLY's further penetration into this important European dental market." 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 artificial teeth, 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, impression 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 Noun 1. X-ray film - photographic film used to make X-ray pictures bitewing - a dental X-ray film that can be held in place by the teeth during radiography holders , film mounts and bone substitute/grafting materials; and a leading United States distributor of dental cutting instruments and dental implants. 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. CONTACT: DENTSPLY International Inc., York Edward D. Yates, Senior VP and CFO See Chief Financial Officer. , 717/849-4243 |
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