MELVILLE (dpa-AFX) - Henry Schein Inc. (HSIC), a health care products and services provider to office-based dental, animal health and medical practitioners, announced Tuesday that it has entered into a definitive agreement to acquire an 80 percent ownership position in Marrodent, a Poland-based full-service dental distributor. Financial terms were not disclosed.
The transaction is subject to approval by Poland's competition authorities and is expected to close in the fourth quarter of 2016.
Brothers Roman and Marek Stekla, who founded Marrodent in 1990, will own the remaining 20 percent of Marrodent, and along with CEO Artur Podolski, will join Henry Schein.
Marrodent recorded fiscal 2015 sales of approximately $32 million. Henry Schein has served animal health customers in Poland since 2014, and Marrodent will mark the Company's entry into Poland's dental market.
With the addition of Marrodent, Henry Schein's dental business will have operations or affiliates in 27 countries. In 2015, Henry Schein reported global Dental sales of $5.3 billion.
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