DenMat will be led by a new management team consisting of Chief Executive Officer Steve Semmelmayer, Chief Operating Officer Robert Cartagena, and Chief Administrative Officer Todd Tiberi. All three served as part of the executive team at Discus Dental, LLC prior to its nine-figure sale to Royal Philips Electronics (NYSG: PHG) in December 2010. The Company will focus on continued development of its laboratory products and services and building out its distribution network for both current and future professional dental products.
?Over the past three decades, DenMat created an extraordinary track record and built some of the most successful brands in dentistry,? said CEO Steve Semmelmayer. ?The Company
pioneered tooth whitening and the premium oral care category with products such as the Rembrandt line and, more recently, made aesthetic dentistry more accessible with its Lumineers thin veneer systems and Snap-On Smile, its proprietary smile makeover system. Our goal is to leverage DenMat?s brand equity by expanding the product offering and providing dental professionals with a wide range of smile solutions,? said Semmelmayer.
"Centre Partners is extremely excited about this acquisition," said Robert Bergmann, Senior Partner at Centre. "We expect to see significant growth at the Company and Centre is committed to making additional acquisitions of companies, products and technologies while building DenMat into a global dental business," said Bergmann.
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