National Dentex Corp. acquires Keller Group
National Dentex Corp., a Wayland-based owner/operator of dental laboratories across North America, acquired Keller Group Inc., a private dental laboratory business with production sites in St. Louis and Lousiville, KY, as well as sales offices in Kansas City, MO and Indianapolis, IN.
The transaction was completed on October 5 in the form of a stock purchase agreement in which National Dentex Corp. purchased all outstanding shares of capital stock of Keller for a total of $19,125,000. There was also an additional deferred payment yet to be determined that will be payable in accordance with the terms of the agreement. In the last fiscal year ended December 31, 2005, Keller recorded sales in excess of $17,000,000.
National Dentex Corp. serves more than 24,000 dentists through 48 laboratories in 31 states and one Canadian province.
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