Sybron Dental Specialties, Inc. Announces the Acquisition of the Bioplant(R) Product Line
July 22 2004 - 5:05PM
PR Newswire (US)
Sybron Dental Specialties, Inc. Announces the Acquisition of the
Bioplant(R) Product Line ORANGE, Calif., July 22
/PRNewswire-FirstCall/ -- Sybron Dental Specialties, Inc.
(NYSE:SYD), a leading manufacturer of value-added products for the
dental and orthodontic professions and products for use in
infection prevention, announced today that its subsidiary Kerr
Corporation has purchased the Bioplant synthetic bone regeneration
product line from Bioplant Products, Inc., a privately held
biomedical company headquartered in South Norwalk, CT. The acquired
Bioplant product line, which generated sales of approximately $2
million in 2003, is a material used to promote the regeneration of
bone in an extraction socket. In this transaction, Kerr Corporation
has purchased the inventory and manufacturing equipment related to
this product line, and received the exclusive license to sell
Bioplant in the dental market. Utilized in tooth implant and
restoration procedures, Bioplant acts as a scaffold for new bone
formation. In 2004, Bioplant was the only bone regeneration product
to be named a Choice Product by Reality Publishing, a leading
authority on products for the dental community. "We are very
pleased to add another highly differentiated product that expands
our offerings for restorative procedures," said Floyd W. Pickrell,
Jr., Chief Executive Officer of Sybron Dental Specialties.
"Bioplant has been recognized by leading industry researchers as
the premier bone regeneration product available in dentistry, yet
still has relatively low awareness in the marketplace. As we
leverage the breadth and experience of our sales force to educate
dentists about the superior qualities of Bioplant, we believe we
can generate significant growth in this product line in the future.
"We believe this transaction has many similarities to our highly
successful acquisition of the Safe-Wave line of disposable
air/water syringes in 2000. In that transaction, we acquired a
single product line, transferred the production to our own
facilities, and used our sales and marketing teams to generate
double-digit sales increases of the Safe-Wave products each year.
We are optimistic that we can use the same strategy and produce
similar results with the Bioplant product line," said Mr. Pickrell.
Sybron will finance the acquisition through the existing cash on
its balance sheet. The Company expects the acquisition to be
accretive within the first year of operations. BUSINESS DESCRIPTION
Sybron Dental Specialties and its subsidiaries are leading
manufacturers of value-added products for the dental and
orthodontic professions and products for use in infection control.
Sybron Dental Specialties develops, manufactures, and sells through
independent distributors a comprehensive line of consumable general
dental and infection prevention products to the dental industry
worldwide. It also develops, manufactures, markets and distributes
an array of consumable orthodontic and endodontic products
worldwide. 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 sales growth; the growth rate of the market for bone
regeneration products; and the effectiveness of the Company's sales
and marketing efforts are based on the Company's current
expectations. The Company's 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; integration of acquired operations; 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 Report on Form 10-K and in its periodic
reports on Form 10-Q and 8- K (if any). The Company's undertakes no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.
For further information, please contact: Gregory D. Waller, Chief
Financial Officer of Sybron Dental Specialties, Inc.,
+1-714-516-7400. DATASOURCE: Sybron Dental Specialties, Inc.
CONTACT: Gregory D. Waller, Chief Financial Officer of Sybron
Dental Specialties, Inc., +1-714-516-7400
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