US-based health care products provider Henry Schein has agreed to purchase a 90% stake in Italy-based dental consumable merchandise and equipment provider, Dental Trey.
Terms of the deal have not been disclosed. The remaining 10% stake in Dental Trey will continue to be owned by members of the firm’s founding family.
Established in 1981, Dental Trey has headquarters, a distribution center and showroom in Fiumana di Predappio (Forli), Italy.
Dental Trey distributes around 33,000 branded products and a line of private-label products to dental practices across the country.
The firm also developed a dental practice management software system, which was installed in around 1,100 dental offices.
The company reported sales of around €41m ($49m) for the fiscal year ended in June this year.
Henry Schein board chairman and CEO Stanley Bergman said: "We have long been impressed with Dental Trey’s excellent market reputation, broad product offering and commitment to forging long-standing customer relationships.
"Dental Trey also shares Henry Schein’s commitment to dental education and has been a strong supporter of scientific associations working to enhance the dental profession."
Dental Trey’s two founding family members, Silvia Coli and Roberta Coli, will continue to manage the business. Silvia Coli will serve as managing director for the firm, while Roberta Coli will be included in the board of directors.
Henry Schein provides digital dental technology solutions to office-based general dental practitioners, dental specialists and dental laboratories.