Henry Schein Inc, Melville, NY, has entered into a definitive agreement that will enable it to acquire the full-service and special markets business of Becker-Parkin Dental Supply Co, New York, a privately held company. The transaction is expected to be completed in July.
Becker-Parkin’s full-service business offers customers consumable dental products and equipment through field sales representatives, and the company’s special markets business serves corporate dental customers with multiple offices and centralized purchasing. Henry Schein estimates that these two businesses will combine to contribute approximately $40 to $45 million in revenue in their first full year.
“This is an exciting development in the continued growth of our US dental business,” said Stanley M. Bergman,” chairman and CEO of Henry Schein. “This acquisition will expand and increase penetration for Sullivan-Schein Dental in key markets, including New York, Florida, and Arizona, as well as continued leveraging of our existing infrastructure. We look forward to welcoming the approximate 25 full-service and special markets sales representatives of Becker-Parkin to Henry Schein.”
For more information, contact Henry Schein.