Henry Schein strengthens presence

May 10, 2011
Company acquires Sogim Grimouille.

MELVILLE, New York--Henry Schein, a provider of health-care products and services to office-based practitioners, has announced the acquisition of Sogim Grimouille, a full-service dental distribution company with headquarters in Marseille, France.

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Through this transaction, Henry Schein will strengthen its dental presence in southeast France. Financial terms of the transaction were not disclosed. Henry Schein expects this transaction to be neutral to the company's 2011 diluted EPS.

Founded by the Martin-Dondoz family in 1923, Sogim Grimouille is a privately held company, currently headed by Chief Executive Officer Jean Martin-Dondoz. The company provides consumables, artificial teeth, equipment, and digital solutions to dental practitioners and dental laboratories.

Sogim Grimouille has branch offices and showrooms in Marseille, Montpellier, Nice, Avignon and Perpignan, and had net sales of approximately euro 15 million in 2010. The company is the exclusive distributor of Sirona products for southeast France, and has relationships with other leading suppliers.

Martin-Dondoz will join the management team of Henry Schein France, contributing his experience in dental products and services, especially those that are technology-driven and his team leadership and customer relationships across southeast France.

"Sogim Grimouille has a long-standing and excellent reputation in southeast France, and we are delighted to welcome Jean Martin-Dondoz and his colleagues to Team Schein," said Stanley M. Bergman, chairman and chief executive officer of Henry Schein.

"While Henry Schein has served dental offices and laboratories in southeast France since 1995, with Sogim Grimouille we look forward to further strengthening our presence throughout the region."

For more information, visit the Henry Schein Web site at www.henryschein.com.

For more information on this subject, go to community.pennwelldentalgroup.com/.