DenMat Announces Signing a Purchase Agreement to Acquire PeriOptix Inc., Leading Provider of Magnification and Illumination Technologies
SANTA MARIA, Calif., Dec. 3, 2012 /PRNewswire/ -- DenMat, recognized for innovative clinical dental technologies and materials, announced today its signing of a purchase agreement to acquire all outstanding stock of PeriOptix Inc., based in Escondido, California. The parties expect the deal to close in the next few days pending fulfillment of routine closing conditions. PeriOptix is one of the industry's leading providers of high-quality magnification and illumination technologies for dental and medical professionals.
"PeriOptix is widely respected for its superior clinical vision solutions," commented Steven Semmelmayer, CEO of DenMat. "From high-resolution lightweight loupes to the award-winning high-intensity SolarisTM LED headlight, PeriOptix empowers clinicians to see things better. Their innovative products are a perfect fit for dentists committed to exceptional restorative and other treatments."
Leading product solutions include the Air-XTM super-light frame system designed to be worn over existing eyewear, MicroLineTM "through-the-lens" loupes, the PanoramicTM and HogieTM flip-up lines, and the popular high performance AdivistaTM lightweight loupes featuring Adidas® sport frames.
"We are very excited that DenMat has selected us to join in its mission to enhance clinical performance by healthcare professionals through high-quality, innovative and differentiated products," commented Keith Tholin, President and co-founder of PeriOptix. "Our strategy is to focus on our core competencies in optics and illumination, and to introduce only products with distinctive features and improvements over existing products on the market. We know DenMat will continue this legacy while leveraging its marketing reach and distribution network."
Since its founding, PeriOptix has introduced a number of innovations that include a unique modular frame system for loupes, th