3M announced today that it has entered into a definitive agreement to acquire OMNII Oral Pharmaceuticals, a provider of differentiated preventive dental products, solutions and support for dental professionals. Terms of the transaction were not disclosed.
Increasing recognition of the link between oral health and overall health is focusing much more attention on the need for preventive oral health care. As a result, there is growing demand for more and better preventive care solutions.
3M ESPE and OMNII share a commitment to quality dental products, oral health, and bringing the best and most current science to the dental market. "3M is committed to continuing to strengthen and expand its position in the dental industry. Adding OMNII's preventive expertise, products, and capability to educate, will enable us to deliver even more value to dental practices and participate in an exciting and rapidly growing segment," said Tom Engels, division vice president, 3M ESPE.
"3M ESPE's market position, as well as science and technology in the prevention area, combined with our national team of educationally-driven preventive care specialists will have further impact on patient oral health and further enhance their value to dental professionals," said Kevin Thomas, chief executive officer, OMNII Oral Pharmaceuticals.
3M is the second-largest supplier to the dental industry in the world. The company manufactures and markets a wide range of products and services used by dental professionals worldwide to improve oral health. These products are designed to meet restorative, crown and bridge, orthodontic, preventive, infection control, and cosmetic dentistry needs.
OMNII employs approximately 100 people and is headquartered in West Palm Beach, Fla. The transaction is expected to close in April, subject to customary closing conditions.
About OMNII
OMNII Oral Pharmaceuticals - The Preventive Care Specialists
OMNII has brought many firsts to dental professionals including the first unit-dose and white fluoride varnishes, the first line of stannous fluoride brush-on gels and oral rinse concentrate and the first professionally-dispensed tooth whitener. The power of OMNII resides in its educationally driven staff of field sales consultants who deliver timely, informative and scientifically fair and balanced information on the latest preventive care strategies to serve patient needs. The company's focus has made it one of the premier preventive dental care organizations in the United States.
3M Health Care
3M Health Care, one of the largest of six major 3M businesses, is dedicated to improving the practice, delivery and outcome of care in medical, dental, pharmaceutical and health information markets. 3M ESPE, a leader in the dental industry, is a part of the 3M Health Care family.
About 3M - A Global, Diversified Technology Company
Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the company's 69,000 people use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation.
Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M.
Media Contacts:3M, St. PaulDonna Fleming, 651-736-7646orOMNIIKevin Thomas, 800-445-3386, ext 1401orInvestor Contacts:3M, St. PaulMark Colin, 651-733-8206orBruce Jermeland, 651-733-1807
