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MELVILLE, N.Y., US: Henry Schein has signed a definitive agreement to acquire the privately held dental distribution company Condor Dental in a transaction that the healthcare distributor says will enhance its ability to serve pan-European dental support organisations.
Henry Schein has served the Swiss dental implant market since 2004 through its Basel-based subsidiary CAMLOG Biotechnologies, and the addition of Condor Dental to Henry Schein will expand its dental distribution business in Switzerland.
Condor Dental is based in the Swiss town of Vouvry and was established in 1978. Its sales last year were approximately US$18.0 million (€15.9 million), the majority of which was from dental consumable merchandise and the customisation of dental practices and dental laboratory installations. Once the transaction closes, Condor Dental will join Henry Schein’s international distribution group, and CEO Yves Mailliard will continue to lead the company.
“We look forward to welcoming the Condor Dental team to the Henry Schein family,” said Stanley M. Bergman, chairman of the board and CEO of Henry Schein. “Our companies share the same values and emphasis on delivering an exceptional customer experience. Condor offers a comprehensive product portfolio and has multiple opportunities for growth in one of Europe’s most attractive dental markets,” Bergman added.
Andrea Albertini, president of Henry Schein’s international distribution group, said that Condor Dental is a highly regarded company that has been serving dental professionals for over 40 years. “With the support of Henry Schein’s operational expertise, Condor Dental will be better resourced to strengthen its position in the marketplace and improve the level of services and solutions offered to dental practitioners,” Albertini commented.
Condor Dental is owned by MCCB Holding, a healthcare holding company.