New Jersey-based Cantel Medical Corporation has completed their acquisition of Hu-Friedy Mfg. Co LLC. The transaction was finished on October 2nd, 2019. The acquired company is a manufacturer of instruments and instrument reprocessing workflow systems serving the dental industry. The purchase consisted of a total of 751,471 shares of Cantel’s common stock and $665 million in cash.
According to iData Research, the dental operatory equipment is expecting an increase prices. This increase is expected to occur in several different markets, such as dental cabinetry and intraoral cameras, due to rising raw materials costs. If the components needed to assemble equipment increase in price, dentists will be charged more for the products. The dental operatory equipment market is saturated. Many of the products included in this market are essential requirements for any dental clinic to function and operate. This limits the potential of market growth strictly to new clinics and product replacements for these product segments.
With Cantel’s expertise in instrument processing, it will be interesting to see how they place themselves in the dental operatory equipment market and if they are able to contribute positively.
For Further Information
To get in an in-depth market overview of 16 countries, with insight through primary research and procedural volumes, please read iData Research’s’ 987 page Dental Operatory Equipment Market Analysis, Size and Trends Report.