Henry Schein has taken a 50% ownership investment in the Brazilian company Dental Speed Graph. Financial terms of the transaction were not disclosed.
Dental Speed Graph is the largest direct marketing provider of dental consumable merchandise in Brazil. Headquartered in the state of Santa Catarina, the privately held company had 2013 sales of approximately $28 million. The company's dental business was founded in 2010 by Luciano Chaves, who will retain a 50% ownership position in Dental Speed Graph and continue as the company's managing director. Dental Speed Graph has 170 team members and serves approximately 55,000 customers.
With its investment in Dental Speed Graph, Henry Schein now has operations or affiliates in 27 countries.
Brazil has an estimated 150,000 practicing dentists who serve a market whose growth is being fueled by an aging population and an expanding middle class.
