Integra LifeSciences Holdings Corp., based in Plainsboro, (Nasdaq: IART) announced that it has acquired the Precise Dental family of companies for approximately $10 million in cash.
The Precise Dental family of companies is comprised of Precise Dental Products, Ltd., Precision Dental International, Inc., Precise Dental Holding Corp. and Precise Dental Internacional, S.A. de C.V., a Mexican corporation. The companies develop, manufacture, procure, market and sell endodontic materials and dental accessories, including the manufacture of absorbable paper points, gutta percha and dental mirrors. Together the companies have procurement and distribution operations in Canoga Park, Ca., and manufacturing operations at multiple locations in Mexico.
Integra’s wholly-owned subsidiary, Miltex, Inc., will integrate the acquired Canoga Park procurement and distribution functions into its York, Pa. dental operations and will manage the manufacturing operations in Mexico.