Young Innovations Announces Acquisition of Johnson-Promident
Published: Jul 02, 2018
ALGONQUIN, Ill., July 2, 2018 /PRNewswire/ -- Young Innovations, a leading global manufacturer and distributor of dental products, today announced the acquisition of Promident, LLC ("Johnson-Promident"). Johnson-Promident is a leading manufacturer and supplier of dental handpieces, preventive consumables, infection control products and rotary instruments, and is also a leading service provider for repairs and maintenance of dental handpieces.
"We are excited to welcome Johnson-Promident into our growing global platform," said Dave Sproat, CEO of Young Innovations. "The Johnson-Promident products and services allow us to better support our dealer and institutional partners, and align with our goal of delivering a high-quality experience to dental professionals around the world."
"Johnson-Promident is our tenth acquisition in the last four years and solidifies our position as the partner of choice for owners of dental products companies," added Andrew Jones, Vice President of Corporate Development at Young Innovations. "This also demonstrates our continued commitment to growth through acquisition in focused categories of preventive, restorative and infection control."
"I am proud to partner with Young Innovations as stewards of the next chapter for Johnson-Promident", said Gary Kris, CEO of Johnson-Promident. "I am confident that Young is best positioned to continue Johnson-Promident's growth by working closely with our customers, affiliates and valued employees."
Gary Kris will continue in an advisory role for Young Innovations. Primary operations will continue to be based in Valley Cottage, NY. 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.
About Young Innovations, Inc.
Young Innovations is a leading global manufacturer and distributor of supplies and equipment used by dentists, hygienists, dental assistants and consumers. Our portfolio of brands includes products that hold leadership positions in the preventive, restorative, orthodontic, endodontic and diagnostic segments. With its mission of Creating Smiles, Creating Possibilities, Young focuses on delivering innovative, high-quality products and solutions to clinicians and their patients. We seek out opportunities to enhance our portfolio of brands and products through organic growth and acquisitions.
About The Jordan Company
TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm with original capital commitments in excess of $8 billion and a 35-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, NY, TJC also has an office in Chicago, IL.
SOURCE Young Innovations