Dentsply to acquire majority interest in Zhermack

Dentsply has announced its entrance into an agreement which will see the company acquire a majority interest in Italy-based firm Zhermack.

Both companies are global players in the dental sector and the partnership is hoped to provide opportunities in manufacturing, market expansion, research and development.

Dentsply, which was established in 1899 and operates in over 100 countries, confirmed that the two founders of Zhermack will continue to manage the company and “work closely” with the buyer.

Chairman, chief executive and president of Dentsply Bret Wise said the two parties were “a very good fit”.

“We look forward to working together to generate future growth for both businesses,” he added.

Zhermack’s president Tiziano Busin said the agreement would see the companies combine their research efforts to develop “innovative” solutions for the dental industry.

It recently unveiled a range of hygiene products aimed at disinfection of equipment such as surgical instruments and medical tools.

Meanwhile, earlier this month, Dentsply confirmed that its common stock was to be added to the Standard & Poor’s 500 Index.

Mr Wise remarked on this development, stating it to be recognition of the group’s strong market position and “global footprint”.