Young Innovations Announces Acquisition of Crystal Tips
ALGONQUIN, Ill., May 1, 2019 /PRNewswire/ -- Young Innovations, a leading global supplier of dental products, today announced the acquisition of assets from several entities which compose Crystal Tips ("Crystal Tips"). Based in Irvine, CA, Crystal Tips is a leading supplier of disposable air/water syringe tips and adapters, including those under the Crystal Tips®, Starz Tipz®, Natures TipTM, Biofree TipsTM and ecosmart tipsTM brands.
"Crystal Tips and its diverse brands are a welcome addition to our growing portfolio of clinically differentiated products," said Dave Sproat, CEO of Young Innovations. "Crystal Tips' commitment to safe and sustainable dentistry through innovative product solutions aligns well with our core values and focus."
"This acquisition represents a great outcome for Young Innovations and the shareholders, employees and partners of Crystal Tips," added Andrew Jones, Vice President of Corporate Development at Young Innovations. "We will continue to grow our business while providing business owners with exit and liquidity options in an increasingly complex and competitive global environment."
"We are incredibly proud of the success we've had building the Company and developing an expertise in air/water syringe systems and safety over the years," said Donovan Berkely, CEO and owner of Crystal Tips. "We believe Young Innovations is the best partner to carry the brands to an even broader group of clinical professionals who care about delivering high-quality dentistry using the safest products."
Donovan Berkely will continue as a consultant during a transitional period and operations will continue in Irvine, CA. Any changes to ordering and service procedures for customers or vendors will be communicated directly.
Crystal Tips was advised by Keystone Capital and Glaser Weil LLP. Young Innovations was advised by Dentons US LLP.
Young Innovations, Inc. is a portfolio company of The Jordan Company.
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