DENTSPLY International Inc. has announced that it has acquired two companies -- Glenroe Technologies and Raintree Essix.
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.
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."
Raintree Essix is thebrand leader for specialty plastic sheets used in retainers and in Minor Tooth Movement (MTM) orthodontic treatment, as well as other
accessories for the orthodontic market. 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.
About Raintree Essix, Kunkle stated, "We are excited to have the Raintree Essix team join DENTSPLY. This acquisition complements our current orthodontic offerings and has some exciting technology that we look forward to bringing to the orthodontic market in the future. Raintree Essix's current brands are well-established and we are optimistic that our combined strength will allow for additional market penetration."
