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news.Dentsply International, a developer and marketer of dental products, has entered into a definitive agreement with Zhermack, a producer of dental materials, to acquire a majority interest in the company. As part of this agreement, the two founders will retain significant ownership and continue to manage the business.
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Zhermack has invested significantly in its operations with vertically integrated manufacturing capabilities, and manufacturing sites in both Italy and Poland. This partnership will reportedly provide synergy opportunities with Dentsply’s current businesses, particularly in manufacturing, research and development, and market expansion.
Bret Wise, Dentsply’s chairman, CEO, and president, said: “We are very pleased to enter this partnership and to work closely with the two entrepreneurs who built the Zhermack business. The Zhermack Company is a very good fit with Dentsply’s culture and business model, and we look forward to working together to generate future growth for both businesses.”
Tiziano Busin, Zhermack’s president and founder, said: “We are very happy to be partnering with Dentsply and look forward to working together to link the manufacturing capabilities of the two companies. We believe that our polymer-based expertise can contribute to Dentsply’s R&D efforts, and as partners, we can continue developing innovative products for the dental profession.”