Henry Schein, Inc. announced the completion of a 50 per cent equity investment in One Piece Corp., a subsidiary of J. Morita Corp., one of the world’s largest manufacturers and distributors of dental equipment and supplies. This transaction was announced on March 23, 2016.
The partnership builds on Henry Schein’s presence in Japan, which commenced nearly two years ago with an investment in Iwase Dental Supply, Inc., a leading full-service provider of dental consumables, implants and equipment. The investment in One Piece strengthens Henry Schein’s position in the Asian dental products markets, which the company entered seven years ago with strategic partnerships in Hong Kong and later Thailand and China.
“With the completion of our strategic investment in One Piece, we have advanced our dental business strategy and established a stronger presence in the world’s second-largest dental market,” said Mr. Stanley M. Bergman, Chairman of the Board and Chief Executive Officer of Henry Schein. “We are pleased to welcome our new One Piece colleagues and grateful for Morita’s support, especially the visionary leadership of Mr. Haruo Morita. We are committed to the Japan dental market and with Mr. Kenichiro Iwase, assuming the leadership of Henry Schein Japan, we look forward to a strong partnership that will bring new services and solutions to the Japanese dental community.”
“We are delighted to move forward with our partnership with Henry Schein,” said Mr. Morita, President and CEO of J. Morita. “We share a devotion to innovation, the ability to adapt to changing market conditions, and a strong commitment to industry leadership that will enhance our efforts to help practicing dentists in Japan deliver quality oral healthcare.”
