Dentsply International Inc has entered into an agreement to acquire the assets of Sultan Healthcare Inc. Sultan Healthcare, based in New Jersey, is a dental manufacturer of infection control products, dental materials, and preventive products. Dentsply expects that this acquisition will add $45 to $50 million on an annualized basis to its sales. The transaction is also expected to be neutral to earnings per share in 2007 and slightly accretive to earnings per share in 2008.
“Partnering with the industry leader was a natural choice,” said Paul Seid, president of Sultan Healthcare. “Dentsply offers a rich history of dental traditions and product innovation that aligned well with the Sultan management team’s growth strategies and our commitment to quality and service.”
The transaction, which is subject to antitrust review in the United States, is expected to close in early July.
[Business Wire, June 21, 2007]