May 19 2005
Dentsply International Inc has announced that it has acquired Glenroe Technologies. Glenroe Technologies is a manufacturer of orthodontic accessory products including elastic force materials, specialty plastics, and intricate molded plastic parts, including NEOCLIPS, a new product used with Dentsply's newly launched Interactive MYSTIQUE bracket (the world's first low friction translucent ceramic bracket). It is expected that this acquisition will add approximately $7-8 million to Dentsply's annual sales and be neutral to slightly accretive to earnings in 2005.
Mr. Gary Kunkle, Dentsply's Chairman and Chief Executive Officer, stated, "This not only adds attractive new products to our arsenal within the orthodontic market, but provides us with new technology to expand upon. We believe our new offerings within the orthodontic market will continue our recent successes in this expanding 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 dental prosthetics, precious metal dental alloys, dental ceramics, endodontic instruments and materials, prophylaxis paste, dental sealants, ultrasonic scalers, and crown and bridge materials; the leading United States manufacturer and distributor of dental handpieces, dental x-ray film holders, film mounts and bone substitute/grafting materials; and a leading worldwide manufacturer or distributor of dental injectible anesthetics, impression materials, orthodontic 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.
http://www.dentsply.com