YORK, Pennsylvania--Dentsply International has entered into a strategic partnership with DIO.
DIO is a company based in Busan, South Korea, that produces dental implant devices and associated accessories.
To read more about DENTSPLY, go to DENTSPLY.
DENTSPLY's investment includes an initial ownership of less than 20% of the outstanding shares of DIO with an additional investment in debt, which might be converted into common shares after a one-year period.
Jin Cheol Kim and Jin Baek Kim, cofounders of DIO, will retain a significant ownership in the company and remain active in the management and operations of the business.
"Together our companies have world-class manufacturing capabilities for dental implant production in both Europe and Asia," said Bret Wise, DENTSPLY's chairman and chief executive officer. "This will allow us to better meet a broader range of customer needs, particularly in emerging markets."
DENTSPLY, a York-based manufacturer of dental implants and materials, said the move will be "slightly accretive" to its earnings in the first year, minus transaction costs.
For more information, go to www.dentsply.com.
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