Sybron Dental Specialties, Inc. Acquires Dental Disposables International, Inc.
03 Aprile 2006 - 1:30PM
PR Newswire (US)
NEWPORT BEACH, Calif., April 3 /PRNewswire-FirstCall/ -- Sybron
Dental Specialties, Inc. (NYSE:SYD) announced today that its
subsidiary Pinnacle Products, Inc. acquired the infection
prevention product line of Dental Disposables International, Inc.
(DDI), through an all-cash transaction. DDI's product line includes
Allrap(R) infection control barriers, Googles(TM) full face shield,
and Slip-N-Grip(R) dental chair covers. Established in 1990, DDI
generated annual revenues of approximately $5 million in 2005.
Expected benefits of the transaction include the following: * The
addition of highly recognized brand names to Sybron's portfolio of
infection prevention products * Increased sales opportunities for
the DDI products by using Sybron's more extensive sales and
marketing resources and taking advantage of its greater presence
among the dental distributors "We are very pleased to further
strengthen our infection prevention business with the acquisition
of the DDI product line," said Floyd W. Pickrell, Jr., Chief
Executive Officer of Sybron Dental Specialties. "We believe this
transaction is very similar to those acquisitions that have been
the most successful for us in the past. It is in an area of the
dental market that we know well and will enable us to realize
excellent synergies with our existing infrastructure. We intend to
consolidate DDI's operations into our own facilities, sell its
products through our distribution network and eliminate redundant
expenses, which we expect will have a positive impact on both
revenue growth and operating margin from these product lines. The
infection prevention business continues to be a growth driver for
Sybron." The Company expects the acquisition to be accretive to
earnings within the first year of combined operations. BUSINESS
DESCRIPTION Sybron Dental Specialties and its subsidiaries are
leading manufacturers of both a broad range of value-added products
for the dental profession, including the specialty markets of
orthodontics, endodontics and implantology, and a variety of
infection prevention products for use by the dental and medical
professions. 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 the benefits from the acquisition of Dental Disposables
International, Inc.'s infection prevention product line; the cost
savings it expects to achieve from the elimination of duplicative
functions; the Company's ability to use its existing sales and
marketing resources to sell the DDI products, the improvement in
the operating margin associated with the acquired products; the
future growth of Sybron's infection prevention business; and the
impact of the acquisition on Sybron Dental's earnings 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 successful integration
of Dental Disposables International, Inc.'s products into the
Company's current operations, the Company's ability to market and
sell those products, the market demand for infection prevention
products, and other factors affecting the Company's business
prospects discussed in 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.
We undertake no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events or
otherwise. Contact: Bernard J. Pitz Chief Financial Officer Phone:
(949) 255-8700 DATASOURCE: Sybron Dental Specialties, Inc. CONTACT:
Bernard J. Pitz, Chief Financial Officer, +1-949-255-8700
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