Business acquisition: Young buys Preat
ALGONQUIN, Ill., U.S.: Young Innovations, a global portfolio company that supplies a wide range of dental products, has recently announced the acquisition of Preat Corp., a leading provider of dental implant components, attachments and tools. Since the early 2000s, Young has grown through a series of acquisitions in a variety of dental segments. It has acquired seven organizations to date.
“Our acquisition of Preat reflects our continued commitment to invest in the growing area of implant-related and oral surgery products,” noted Dan Garrick, vice president of corporate development at Young Innovations. “Preat’s one-stop shop product line for implant restoration represents an excellent addition to our portfolio as we move toward a full range of products in the oral rehabilitation segment,” he continued.
“Preat represents an exciting expansion in the implant prosthetic sector with a great track record of growth. This acquisition builds upon our strategy to make it easier for the dentist, periodontist and surgeon to incorporate implants and surgical procedures into their practices,” explained Dave Sproat, CEO of Young Innovations.
The company further announced that Preat President Chris Bormes will continue to lead the business and that the acquisition will not affect orders or services for customers or vendors.
Young was founded in around 1900 and was a pioneer of U.S.-manufactured dental products. The company went public in 1997 and traded on the Nasdaq Stock Market for over 15 years. In 2012, Young entered into an agreement to be acquired by Linden Capital Partners, a Chicago-based health care-focused private equity group. In late 2017, Linden announced that it was selling a majority interest to leading investment firm The Jordan Company. Young’s current portfolio includes solutions for prophylaxis, diagnostics, restoration, periodontics, implantology, endodontics and orthodontics and world-renowned brands like Young, Zooby, Microbrush and American Eagle Instruments, which it acquired in May 2017. More than 80% of the company’s sales are in the U.S.