The Straumann Group has acquired ClearCorrect LLC for approximately $150 million. According to the companies, this investment will help ClearCorrect improve its products and expand its Flex and Unlimited treatment options to more providers around the world. It also is a vote of confidence in ClearCorrect’s role in the rapidly growing clear aligner market, they said, as Straumann enters the orthodontic market and leverages digital technology to deliver total orthodontic solutions.
“ClearCorrect provides us with technology, expertise, and a strong footing in this field. In return, we offer a global distribution and marketing network, in addition to brand leverage,” said Marco Gadola, CEO of the Straumann Group. “With some big changes expected in the clear aligner industry, our union with ClearCorrect has come together at exactly the right time. I am delighted that ClearCorrect’s entrepreneurial leadership team will stay with the company and partner with us in supporting customer and patient needs and in growing the business.”
“We’re excited to be a part of Straumann,” said Jarrett Pumphrey, CEO of ClearCorrect. “We’re proud of how far we’ve come on our own and now, with the support of a recognized innovator with decades of industry experience, ClearCorrect has the resources to improve and expand the way we’ve always wanted to without compromising our values.”
ClearCorrect will continue to design and manufacture clear aligners in Round Rock, Texas, under the ClearCorrect brand name. ClearCorrect providers can expect a smooth transition, the companies said, as they anticipate no disruption to its products or service. The partnership between ClearCorrect and Straumann will be finalized over the coming month.