Cantel Medical Corp.
 

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We continue our disciplined concentration on acquisition opportunities in the infection prevention and control market. Our acquisition program focuses on the expansion of existing platforms (water purification & filtration, healthcare disposable products and reprocessing systems), as well as acquisitions and other key strategic alliances which may be complementary to, or in fact independent of, our existing business.

Recent acquisitions by Cantel include

Water Purification & Filtration
:

  • G.E.M. Water Systems (August 2009), based in the Los Angeles area, designs, builds, installs and services high quality water systems for dialysis clinics in the Western US.  The addition will allow our Mar Cor Purification division to service better its national customers and further expand its West Coast presence for all products and services.

  • Dialysis Services, Inc. (August 2007), based in Springfield, TN, designs, installs and services high quality water and bicarbonate systems for use in dialysis clinics, hospitals and university settings. This service location addition furthers our Mar Cor Purification division’s strategy of providing local, high-quality, responsive service to our customers in the Tennessee Valley.

  • GE Water & Process Technologies’ Dialysis Business (March 2007). Cantel’s Mar Cor Purification division acquired the #1 player in medical water equipment and consumables. GE’s business, formerly a part of GE Osmonics, had approximately 1,800 installations in North America with revenues of approximately $20 million. The acquisition expands Mar Cor’s water treatment division by 50%, thereby increasing the importance of water purification in Cantel’s infection prevention and control portfolio. By adding this entrenched installed base of customers, Mar Cor was able to solidify their position as the leading provider in dialysis water.

  • Fluid Solutions, Inc. (May 2006). Cantel expanded its infection prevention and control business in water purification by purchasing certain assets of Fluid Solutions, Inc., a privately held high purity water systems manufacturer and service company based in Lowell, Massachusetts. We have integrated Fluid Solutions into Cantel’s Water Purification and Filtration segment (Mar Cor). This acquisition expands our customer base in the biotech, pharmaceutical, research, hospital, and semiconductor markets as well as our sales presence and resin regeneration capability in the New England area.

  • Water Treatment Entry Strategy: Biolab & Mar Cor Services (August 2003 [Two acquisitions]). Cantel embarked on the development of a new leg of our business via the simultaneous acquisitions of The Biolab Group (Toronto & Montreal, Canada) and Mar Cor Services (Skippack, PA). With exceptional engineering and manufacturing capabilities, Biolab is now our primary water treatment equipment supplier. Cantel is leveraging Biolab's advanced equipment into Mar Cor's service and distribution network throughout the eastern half of the United States. Moreover, Biolab and Mar Cor leverage existing Minntech filters and disinfectant product lines. These companies further reinforce our commitment and strength in dialysis, while simultaneously affording us with new opportunities in the pharmaceutical and biotechnology markets.
Healthcare Disposables:
  • Strong Dental Products, Inc. (September 2007), designs, markets and sells comfort cushioning and infection control covers for dental x-ray film and digital x-ray sensors. Through this innovative, patent-protected product line our Crosstex division has added a differentiated barrier protection product suite that is well positioned for the growth in digital radiography in the dental landscape.

  • Twist 2 It Inc. (July 2007), based in Woodside, NY, designs, markets and sells, globally, the Twist disposable prophy angle. The Company has a reputation of providing high quality, innovative solutions to enhance the chair-side experience for both patients and healthcare professionals, while creating a safer environment to reduce the risk of infection. Crosstex will enter the sizeable dental disposable prophy angle market with this patented and truly unique product.

  • Crosstex International (August 2005), based in Hauppauge, NY, enabled Cantel to establish a sizeable foothold in single-use infection control products, principally for the dental office market. With over 50 years of brand equity and a diverse, high-quality product suite, Crosstex is a true leader in its industry. Crosstex designs, manufactures, and markets more than 65% branded products that include patient towels, sterilization pouches, facemasks and shields, barrier films, ejectors and evacuators, disinfectants, soaps, lotions, and sanitizers, and cotton and gauze products.

  • Saf-T-Pak Inc. (June 2004), based in Edmonton, Canada, provided Cantel with an entry into the specialized packaging and training industry for the safe handling and transportation of infectious and biological specimens. As a leader in this niche industry, Saf-T-Pak designs and manufactures a variety of unique and patented packaging that meets or exceeds all national and international regulations. Saf-T-Pak also offers compliance training services and materials, and specialized thermal control products (Saf-T-Temp™) to aid in the shipping of temperature sensitive products.
Reprocessing Systems:
  • Verimetrix, LLC (September 2007), based in St. Louis, MO, designs, markets, and sells endoscope leak and fluid detection devices. By adding this state-of-the-art leak testing device our Medivators field sales force can augment their offerings and provide a full-range of endoscope reprocessing products and services that span the cycle from patient removal through to readiness for the next procedure.

  • Dyped Medical B.V. (Sept 2003), based in The Netherlands, was acquired so as to expand Minntech's technological capabilities and augment its endoscope reprocessing product line with a new, fully-automated reprocessor designed to be compliant with emerging European standards and future market requirements.

  • Minntech Corporation(Sept 2001), based in Plymouth, Minnesota, further solidified our position as a leader in infection control and medical device reprocessing. Minntech is engaged in the development, manufacturing and marketing of disinfection/reprocessing systems and other products for renal dialysis and flexible endoscopy as well as filtration and separation products for medical and non-medical applications. The Minntech acquisition has more than doubled the Company's annual revenue at the time of acquisition.

Naturally, we can make no guarantees about acquisitions that have not yet been made, but our strategic plan includes a program to expand via acquisitions, as well as to grow organically at rates that surpass industry averages.

Please direct all inquiries to:

Seth Segel
Executive Vice President
Cantel Medical Corp.
150 Clove Road – 9th Floor
Little Falls, NJ 07424-2139
Tel: 973-890-7220
Fax: 973-890-7270
Email: ssegel@cantelmedical.com

 


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Phone: (973) 890-7220, Fax: (973) 890-7270

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