Written by Dentistry Today Thursday, 09 December 2010 11:03
YORK, Pa., Dec. 9, 2010 (GLOBE NEWSWIRE) -- DENTSPLY International Inc. (Nasdaq:XRAY) announced that it has entered into a strategic partnership with DIO Corporation (KOSDAQ -- 039840), based in Busan, South Korea. DIO operations include a state-of-the art manufacturing facility in Busan, producing dental implant devices and associated accessories, which are marketed in numerous countries including many emerging markets. DENTSPLY's investment includes an initial ownership of less than 20% of the outstanding shares of DIO Corporation, with an additional investment in debentures, which may be converted into common shares after a one year period. Jin Cheol Kim and Jin Baek Kim, co-founders of DIO, will retain a significant ownership in the Company and remain active in the management and operations of the business.