The Jordan Company announced that its Resolute Fund II has acquired 100% of the assets and business of Zest Anchors, a family-owned and operated manufacturer of dental attachments.
The acquisition, which was completed on December 31, 2009, was made in partnership with the Zuest family and certain members of management. Terms of the transaction were not disclosed.
Founded in 1972, Zest is the "leading manufacturer of overdenture attachments in the world," according to a Jordan press release.
In 2001, Zest launched its Locator product line of removable overdenture attachment devices, and the company's product line has traditionally addressed the removable full overdenture market rather than permanent or fixed replacements. By targeting this market and not manufacturing its own competitive dental implant, Zest said it has manufactured a product that is compatible with substantially all of the brands of implant available to dentists.
The Jordan Company, founded in 1982, is a middle-market private equity firm with more than $5 billion worth of assets under management. According to IDD Magazine, the Resolute Fund II includes investors such as the Irish National Pensions Reserves Fund, the New Jersey Investment Board, the New York State Teachers' Retirement System, the Illinois State Board of Investment, the CPP Investment Board, TIAA-CREF, and the California State Teachers' Retirement System.
