ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

SYD Sybron Dental Specialties

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Sybron Dental Specialties NYSE:SYD NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Sybron Dental Specialties, Inc. Acquires Oraltronics Dental Implant Technology GmbH

09/06/2005 12:40am

PR Newswire (US)


Sybron Dental (NYSE:SYD)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Sybron Dental Charts.
Sybron Dental Specialties, Inc. Acquires Oraltronics Dental Implant Technology GmbH ORANGE, Calif., June 8 /PRNewswire-FirstCall/ -- Sybron Dental Specialties, Inc. (NYSE:SYD), a leading manufacturer of a broad range of value-added products for the dental profession including the specialty markets of endodontics, implantology, and orthodontics, announced today that its subsidiary Ormco B.V. acquired all of the outstanding stock of Oraltronics Dental Implant Technology GmbH ("Oraltronics"), a privately held company headquartered in Bremen, Germany engaged in the manufacture and sale of dental implants. Established in 1979, by Professor Hans L. Grafelmann, Oraltronics generated annual revenues of approximately $10 million in 2004. The purchase of the company was made using Sybron Dental Specialties' existing cash. The Company expects the acquisition to be accretive within the first year of operations. (Logo: http://www.newscom.com/cgi-bin/prnh/20001204/SDSLOGO) "Oraltronics represents an ideal addition to our subsidiary Innova Lifesciences, which we acquired last October as a means of entering the rapidly growing dental implant market," said Floyd W. Pickrell, Jr., Chief Executive Officer of Sybron Dental Specialties. "Oraltronics not only increases our scale in this exciting segment of dentistry, it also provides a strong presence in several key countries in Europe that will serve as an excellent platform to promote the sale of Innova's press fit implant design in Europe. In addition, we believe the addition of Oraltronics' patented implant design will have a positive impact on Innova's sales in the United States and Canada." Oraltronics will be managed by the Company's Innova subsidiary, which continues to be led by Innova's founder and President, Mr. Michael Kehoe. "We are very pleased to add the highly regarded Oraltronics implants to the Innova product line," said Mr. Kehoe. "Their threaded implant design offers an excellent complement to our Endopore product and we look forward to the opportunities that this acquisition offers to drive the worldwide sales of both the Oraltronics and Innova brands via a strengthened sales and distribution network." CAUTION REGARDING FORWARD-LOOKING STATEMENTS Statements made in this press release regarding future matters are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including those dealing with the Company's expectations as to its future revenue, earnings per share, the demand for its products, the benefits of the Oraltronics acquisition, and the ability of the Innova sales force to sell Oraltronics' products are based on the Company's current expectations. Our actual results may differ materially from those currently expected or desired because of a number of risks and uncertainties, including the level of demand for the Company's products; the ability to obtain regulatory approval to sell the Oraltronics products in the United States and Canada; currency fluctuations; the intensity of competition; and other factors affecting the Company's business and prospects discussed in the filings made by the Company, from time to time, with the SEC including the factors discussed in the "Cautionary Factors" section in Item 7 of the Company's most recent Annual Report on Form 10-K and its periodic reports on Form 10-Q and 8-K (if any). We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. http://www.newscom.com/cgi-bin/prnh/20001204/SDSLOGO http://photoarchive.ap.org/ DATASOURCE: Sybron Dental Specialties, Inc. CONTACT: Bernard J. Pitz, Chief Financial Officer of Sybron Dental Specialties, Inc., +1-714-516-7910

Copyright

1 Year Sybron Dental Chart

1 Year Sybron Dental Chart

1 Month Sybron Dental Chart

1 Month Sybron Dental Chart

Your Recent History

Delayed Upgrade Clock