Young Innovations Announces Acquisition of Astek Innovations
ALGONQUIN, Ill., /PRNewswire/ -- Young Innovations, a leading global supplier of dental products, today announced the acquisition of Astek Innovations, Ltd. ("Astek"). Based near Manchester, UK, Astek is a leading supplier of innovative dental products, including Pro-Matrix®, Pro-Tip® and inSafe branded products.
"Astek represents an exciting addition to our growing global portfolio of premium branded products," said Dave Sproat, CEO of Young Innovations. "Astek's well-known track record of delivering innovative clinical products aligns completely with our overall approach and strategic partnerships with our customers."
"The acquisition of Astek is the latest chapter in our proven track record of partnering with business owners around the world," added Andrew Jones, Vice President of Corporate Development at Young Innovations. "Completing twelve acquisitions in four years is a result of focused execution of our inorganic growth strategy in our core categories."
"Astek's high quality, unique and differentiated products are complementary to our Microbrush® applicators, DryTips® dry angles and our YoungTM and American Eagle® preventive products," said Dan Garrick, VP of Global Business Development at Young Innovations. "These products enhance our ability to deliver clinical value to dental professionals in the UK, Europe and elsewhere through our distribution partners."
"Having built Astek into the UK's premier producer of dental products over the last 30 years, Antony and I are proud to see it join the Young Innovations family," said Dr. Alan Segal, CEO of Astek. "I am confident that Young is the best steward for Astek's continued success, and for the success of our customers and employees."
Antony Segal will continue as Director of Astek and operations will continue in Manchester at Astek House. There will be no immediate changes to ordering and service procedures for customers or vendors.
Young Innovations, Inc. is a portfolio company of The Jordan Company.
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