DenMat Holdings has been acquired by affiliates of Centre Partners and Mill Street Partners, two equity investment firms based in Southern California.
Following completion of the acquisition, DenMat will be led by a new management team consisting of CEO Steve Semmelmayer, chief operating officer Robert Cartagena, and chief administrative officer Todd Tiberi. All three were part of the executive team at Discus Dental prior to its sale to Royal Philips Electronics in December 2010.
DenMat provides thin, porcelain veneer systems for smile enhancement, plus other aesthetic dental materials and supplies. Going forward, the company will focus on continued development of its laboratory products and services, and expanding its distribution network for both current and future professional dental products.
Financial terms of the deal were not disclosed. The company will remain in Santa Maria, CA.
