ST. PAUL, Minn. – December 15, 2014 – Patterson Companies, Inc. (Nasdaq: PDCO) today announced that the company has agreed to acquire Holt Dental Supply, Inc., a regional dental supply company located near Milwaukee, Wisconsin. Holt Dental serves dental practices in Wisconsin, Illinois, Minnesota, Missouri, Michigan and Indiana. The acquisition will help accelerate Patterson Dental’s local reach and deepen its Midwest influence.
"We are delighted to welcome Holt Dental into Patterson Companies,” said Paul Guggenheim, president of Patterson Dental. “Holt Dental has a long-standing and exceptional reputation in the markets it serves, and maintains a culture much like ours, focused on accountability, integrity and exceptional customer service.”
Holt Dental’s sales were approximately $15 million in 2013, and the transaction is expected to be modestly accretive in its first year. Paul Holt has led his organization for 16 years and brings significant industry expertise in leading Holt Dental’s group of 40 employees. He and the Holt Dental staff will join Patterson Dental, with Paul Holt becoming a district manager. No additional terms of the transaction were disclosed.
About Patterson Companies, Inc.
Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. As Patterson’s largest business, Patterson Dental provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions and value-added services to dentists and dental laboratories throughout North America.
For additional information, contact:
Ann B. Gugino
Vice President & CFO
Source: Patterson Companies, Inc.