Chicago-based Henry Schein, a provider of healthcare products and services, will acquire a 90 percent ownership interest in Dental Trey, a leading distributor of dental consumable merchandise and equipment in Italy.
Here are five points:
1. Henry Schein projects the transaction to close in the fourth quarter of 2015.
2. Dental Trey's founding family will own the remaining 10 percent ownership interest.
3. Silvia Coli will continue to manage Dental Trey as managing director.
4. Roberta Coli will also serve on the Dental Trey board of directors.
5. Henry Schein expects the acquisition will be neutral to its 2016 diluted earnings per share and slightly accretive by less than $0.01 after 2016.
"Henry Schein has enjoyed a successful business in Italy for more than a decade. We have long been impressed with Dental Trey's excellent market reputation, broad product offering and commitment to forging long-standing customer relationships," said Stanley M. Bergman, chairman of the board and CEO of Henry Schein.
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