Dentsply International has entered into a definitive agreement with the shareholders of Zhermack of Badia Polesine, Italy, to acquire a majority interest (60%) in the European firm, according to the company. Terms of the deal were not disclosed.
As part of the agreement, the two founders of Zhermack will retain "significant ownership" and continue to manage the business.
Zhermack is a producer of dental impression materials and lab equipment and sells products in more than 100 countries, with an emphasis on Europe, Latin America, Asia, and the Commonwealth of Independent States. The company has manufacturing facilities in Italy and Poland.
"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," said Tiziano Busin, Zhermack's president and founder, in a press release.
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