DENTSPLY International Announces Sale Of Injectable Anesthetic Facility And Equipment

York, PA - DENTSPLY International Inc. recently announced that it has sold its dental injectable anesthetic facility and equipment located near Chicago to PIERREL S.p.A., of Milan, Italy. PIERREL is a pharmaceutical contract manufacturing and drug development company listed on the Expandi Market in Milan. PIERREL is currently a supplier of dental injectable anesthetics to DENTSPLY in certain regions of the world. DENTSPLY has also strengthened its relationship for supply of dental injectable anesthetics from PIERREL through a separate supply agreement.

The purchase price for the facility and equipment is $19.5M, $3M of which will be paid at the closing. The balance will be payable through rebates on the transfer price of products supplied by PIERREL to DENTSPLY under the supply agreement.

Mr. Gary Kunkle, DENTSPLY's Chairman and Chief Executive Officer stated, "We are very pleased to have sold this facility to PIERREL. We believe this sale and enhancement of our supply arrangement with PIERREL will be beneficial to both companies for many years to come."

SOURCE: DENTSPLY International Inc.