SOLMETEX, LLC, ACQUIRES DRYSHIELD, INC.
Combined Organizations Plan to Expand Adoption of Innovative Dental Treatment Isolation Technology
NORTHBOROUGH, Mass. and FOUNTAIN VALLEY, Calif.-- Solmetex, LLC, the dental industry's leading provider of amalgam separators and other waste compliance products, today announced that it has closed the acquisition of DryShield®, a dental innovator of in-treatment patient isolation products, combining high suction evacuation, bite block, tongue shield and oral pathway protector into one technology. DryShield enables dental practices to treat patients more efficiently, while bringing a new level of comfort to patients in procedure. With Solmetex's recently announced acquisition of Sterisil, a leading innovator of dental unit water line infection control products, the combined company will result in a diversified business and category leader in dental water treatment and patient safety management for the U.S. and global dental markets. This includes a commitment to strengthen and expand partnerships based on assisting both individual dental practices and Dental Service Organizations in managing highly efficient businesses with patient safety at the forefront.
DryShield brings a history of innovation in the development of dental technologies designed to bring unmatched levels of ease, comfort and safety to dentists and their patients and, as part of the Solmetex offering, will expand its continued focus on developing and implementing treatment focused technologies.
Gene Dorff, Solmetex Chief Executive Officer, stated, "This is a transformational time for Solmetex and the addition of DryShield to our platform will ensure growth and expansion into other technology areas where we believe Solmetex will be successful. We will continue to deliver excellent customer service, and high-quality, reliable products to all of our business partners and the patient populations they serve. I look forward to the opportunity to collaborate with the team to execute our future growth plans."
Dr. Lan Nguyen, DryShield founder, added, "We have worked diligently to stay close to our community of dentists when developing DryShield. We believe Solmetex is perfectly positioned to expand adoption and usage of this treatment changing technology, with the leadership, organization, and resources to help us achieve our next phase of growth."
Thien Nguyen, DryShield co-founder/CEO, offered, "We are excited to work with the Solmetex team to accelerate and scale DryShield across the dental industry markets both domestically and internationally. Solmetex brings a world-class organization and complementary set of capabilities, including commercial and financial resources to take DryShield to the next level."
Solmetex is a portfolio company of Avista Capital Partners ("Avista"), which together with other shareholders, is providing equity capital, operational oversight, and strategic counsel to help ensure the success of the newly combined company.
The financial terms of the transaction were not disclosed.