Orange’s Sybron Dental Acquires Swiss Company
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Sybron Dental Specialties Inc. said it acquired Swiss company Hawe Neos Holding SA for $45 million to expand the Orange company’s dental-products business in Europe.
Sybron, which was spun off from Apogent Technologies Inc. last year, said it expects the purchase to add one cent a share to its profit in fiscal 2002 and as much as 5 cents the following year.
The purchase will give Sybron a business that has about $17 million in revenue a year.
Sybron shares, which have risen 23% this year, fell 79 cents to $20.80 on the New York Stock Exchange.
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