Henry Schein completes purchase of stake in Dental Cremer

Henry Schein has announced the completion of its purchase of a majority ownership interest in Dental Cremer, a leading distributor of dental supplies and equipment in Brazil.

Originally announced in February 2016, the deal will give Henry Schein an opportunity to expand the strength of its positioning in the Brazilian market, which it first entered in 2014.

Dental Cremer was previously the dental distribution business of Cremer and serves nearly 90,000 dental practitioners across Brazil. Employing more than 1,000 staff members, the firm generated net sales of around $145 million (117.8 million pounds) in 2016.

The company's chief executive officer Paulo Batista will join Henry Schein and will continue to lead the unit as its managing director, with other members of Dental Cremer's management team also set to make the transition. 

Stanley Bergman, chairman of the board and chief executive officer of Henry Schein, said: "We look forward to combining our resources and identifying new opportunities to help practitioners in Brazil operate successful practices and provide quality care to patients."

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