Danaher Corporation acquired Sybron Dental Specialties, Inc. for approximately $2.0 billion ($47.00 per share cash tender offer, including transaction costs and net of cash acquired; ~$200 million of debt assumed), a transaction completed in May 2006, structured as all cash (cash tender offer followed by second-step cash-out merger).
Sybron Dental Specialties, Inc. operates in Dental, is based in Newport Beach, California, USA, had revenue of about approximately $650 million in the most recently completed fiscal year. Sybron Dental Specialties was a leading manufacturer of a broad range of consumables and small equipment for the dental professional, including the specialty markets of orthodontics, endodontics and implantology.
Sybron's consumables and small equipment offering are a logical extension of Danaher's existing dental equipment portfolio and will allow us to more broadly serve the dental community, with opportunities to accelerate growth through the application of the Danaher Business System.
Danaher Dental platform
The combination of Danaher and Sybron Dental makes very strong strategic and financial sense. Sybron's consumables and small equipment offering are a logical extension of Danaher's existing dental equipment portfolio and will allow us to more broadly serve the dental community.H. Lawrence Culp, Jr., President and CEO, Danaher Corporation
We firmly believe the transaction with Danaher serves the best interests of our shareholders and will provide numerous benefits for our employees and customers.Floyd W. Pickrell, Jr., Chief Executive Officer, Sybron Dental Specialties
Advisory firms were not disclosed for this transaction.