HENRY SCHEIN, INC. ENTERS INTO AGREEMENT TO ACQUIRE DENTAL LABORATORY DISCOUNT SUPPLY - Will Increase Penetration of Dental Laboratory Market -.MELVILLE, N.Y.--(BUSINESS WIRE)--May 15, 1996--Henry Schein, Inc. (Nasdaq:HSIC HSIC High Speed Inter-Chip (USB) HSIC High Speed Integrated Circuit ) today announced that it has entered into an agreement to acquire Branford, Connecticut- based 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. Discount Supply (DLDS DLDS Dual Layer, Double Sided (DVD) ). The acquisition is subject to standard closing conditions and is expected to close within 60 days. DLDS is a national direct marketer of supplies and equipment to dental laboratories throughout the United States with 1995 sales of approximately $7.0 million. In announcing this strategic acquisition, Stanley M. Bergman, Henry Schein's Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President said, "The acquisition of DLDS will enhance Henry Schein's position as a leader in the U.S. dental laboratory market. The integration of DLDS with Zahn Dental, our dental laboratory company, will enable us to further leverage our existing infrastructure." Henry Schein, Inc. is the largest direct marketer of healthcare products and services to office-based healthcare practitioners, including dental practices and laboratories, physician practices and veterinary clinics. The Company, recognized for its excellent customer service and low prices, serves more than 200,000 customers worldwide. CONTACT: Henry Schein, Inc. Steven Paladino Chief Financial Officer (516) 843-5500 OR Investor Relations Investor relations The process by which the corporation communicates with its investors. : Robert Jones/Sue Rodney Press: Michelle Zawrotny Morgen-Walke Associates (212) 850-5600 |
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