Press release
Young Innovations Announces Acquisition of Crystal Tips
“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.
About Young Innovations, Inc.
Young Innovations (www.younginnovations.com) is a leading global provider 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 and endodontic 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.
Corporate Contact:
Jeannine Fink
Young Innovations Europe GmbH
Kurfürstenanlage 1
69115 Heidelberg
Germany
Phone: +49 (0)6221/434 544 2
Fax: +49 (0)6221/453 952 6
Email: info@ydnt.eu
www.ydnt.eu
Media Relations Contact:
Sonja Britta Reber
KONNEKT PR
P.O. Box 150548
70077 Stuttgart
Germany
Phone: +49 (0)711/6743 647-0
Email: konnekt@email.de
www.konnektpr.de
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