PRNewswire) - ZEST Anchors, Inc. announced the acquisition of Danville Materials, LLC, a manufacturer of restorative consumables and small equipment for the dental market from Inverness Graham Investments. Zest is a portfolio company of Avista Capital Partners, a private equity firm. Financial terms of the transaction were not disclosed.
"For more than 40 years, Zest has been a global leader and pioneer of overdenture treatment technologies focused on improving the lives of edentulous patients, including the market leading LOCATORAttachment System," said , Zest's CEO. "The acquisition of will enable Zest to expand its broad range of treatment solutions to patients caring for their natural teeth, as well. high-quality line of dental consumables, market-leading micro-etching and air abrasion products, and unique offerings, including Perioscopy, will strongly complement the clinical solutions available at Zest today. We look forward to enhancing the brand recognition of products and supporting the dealer and distributor networks pivotal to success."
, CEO, added, "The combination of Zest and will produce a stronger combined entity. The application of Zest's marketing and education capabilities to the product portfolio will increase the number of clinician users and, in turn, solidify dealer relationships. The timing is excellent as it coincides with launch of BULK EZ™, a highly innovative dual cure restorative composite designed to be the most reliable bulk fill solution for the clinician."
, Partner at Avista, said, "The combination of Zest and market-leading portfolio is part of our commitment to driving the next phase of Zest's growth. The addition of compelling product set to Zest's strong portfolio will further position the company to continue delivering valuable innovation to the dental community."
, Managing Principal of Inverness Graham Investments, said, "We congratulate and his team on fantastic execution of our shared strategic vision for . The strategic logic of a combination with Zest is compelling, and we are confident in a prosperous future for the combined company."