FOR IMMEDIATE RELEASE
Contact:
Alfred E. Brennan, President & COO
Arthur L. Herbst, Jr., EVP,
Strategic Planning & Chief Financial
Officer
(314)-344-0010, Ext. 133
YOUNG INNOVATIONS COMPLETES ACQUISITION OF PLAK SMACKER, INC.
ST. LOUIS, JUNE 14 /PRNewswire/ -- Young Innovations, Inc. (Nasdaq: YDNT - news)
today announced that it has completed the acquisition of Plak Smacker, Inc. Plak
Smacker sells a range of professional and consumer dental products including
orthodontic tools and brushes, flavored gloves, and children's toothbrushes and
toothpastes. Plak Smacker markets its products directly to orthodontists,
pedodontists and through mass merchandisers. Young paid approximately $7.0
million to acquire the assets of Plak Smacker. The Company expects the
transaction to add approximately $10 million to Young's annual sales and be
additive to earnings per share.
Commenting on the transaction, Alfred E. Brennan, President and Chief Operating
Officer, said, "We are pleased to have completed this transaction. The
acquisition of Plak Smacker strengthens our preventive product offering, marks
our entry into an attractive specialty area of dentistry and substantially
increases our served market by giving us access to the retail market for
preventive dental products. We believe this acquisition provides us with many
opportunities for future internal growth."
Young Innovations develops, manufactures and markets supplies and equipment used
by dentists and dental hygienists. The Company believes it is the leading
manufacturer of prophylaxis angles and cups (used in teeth cleaning and
polishing procedures) and panoramic x-ray equipment in the United States. The
Company also offers a line of handpieces, prophy pastes, fluorides and infection
control products used in dental offices.
Investors are cautioned that this press release as well as other reports and
oral statements by Company officials may contain certain forward-looking
statements as defined in the Private Securities Litigation and Reform Act of
1995. Forward-looking statements include statements which are predictive in
nature, which depend upon or refer to future events or conditions and which
include words such as "expects," "anticipates," "intends," "plans," "believes,"
"estimates" or similar expressions. These statements are not guaranties of
future performance and the Company makes no commitment to update or disclose any
revisions to forward-looking statements, or any facts, events or circumstances
after the date hereof that may bear upon forward-looking statements. Because
such statements involve risks and uncertainties, actual actions and strategies
and the timing and expected results thereof may differ materially from those
expressed or implied by such forward-looking statements. These risk and
uncertainties include, but are not limited to, those disclosed in the Company's
Annual Report on form 10-K and other reports filed with the Securities and
Exchange Commission.
