M&A Deal Summary

Solmetex Acquires Crosstex International

On August 19, 2020, Solmetex acquired medical products company Crosstex International from Cantel Medical

Acquisition Highlights
  • This is Solmetex’s 1st transaction in the Medical Products sector.
  • This is Solmetex’s 2nd transaction in the United States.
  • This is Solmetex’s 1st transaction in New York.

M&A Deal Summary
Date 2020-08-19
Target Crosstex International
Sector Medical Products
Buyer(s) Solmetex
Sellers(s) Cantel Medical
Deal Type Divestiture

Target

Crosstex International

Hauppauge, New York, United States
Crosstex International, Inc. is a manufacturer and reseller of single-use infection control products used broadly in the healthcare arena, principally in the dental market. Crosstex International was founded in 1953 and is based in Hauppauge, New York.

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Buyer(S) 1

Buyer

Solmetex

Marlborough, Massachusetts, United States
Category Company
Founded 1994
Sector Medical Products
DESCRIPTION

Solmetex is a provider of dental amalgam separator devices and amalgam recycling services to the dental industry. The company’s NXT Hg5™ Series of Amalgam Separators and recycling program, which treat dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Marlborough, Massachusetts.

DEAL STATS #
Overall 2 of 5
Sector (Medical Products) 1 of 4
Type (Divestiture) 1 of 1
State (New York) 1 of 2
Country (United States) 2 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-18 Healthcare Compliance Service

Palm Bay, Florida, United States

Healthcare Compliance Service is a provider of consultation services and waste management solutions for state dental associations, healthcare providers, hospitals, government agencies, and educational institutions. Healthcare Compliance Service was founded in 1988 and is based in Palm Bay, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 Sterisil

Palmer Lake, Colorado, United States

Sterisil offers a complete line of dental waterline antimicrobial products with the first-to-market registered EPA quantified claim to maintain dental unit waterline effluent less than or equal to 10 CFU/ml HPC purity. Applying its knowledge of silver-based antimicrobial treatment, the company assists dental practices in achieving compliant levels of odor-causing bacteria in dental unit waterlines. Having the only product evaluated by the American Dental Association, the Institute for Biofilm Research at Montana State, and Loma Linda University, its products represent the leading edge of safe and effective dental waterline treatment. Sterisil is based in Palmer Lake, Colorado.

Buy -

Seller(S) 1

SELLER

Cantel Medical

Little Falls, New Jersey, United States
Category Company
Founded 1963
Sector Medical Products
Revenue 1.0B USD (2020)
DESCRIPTION

Cantel Medical Corp. is a provider of medical device reprocessing systems for endoscopy and renal dialysis, advanced water purification equipment, sterilants, disinfectants and cleaners, sterility assurance monitoring products for hospitals and dental clinics, disposable infection control products primarily for dental and GI endoscopy markets, dialysate concentrates, hollow fiber membrane filtration and separation products. Cantel Medical was formed in 1963 and is based in Little Falls, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 Hu-Friedy Mfg.

Chicago, Illinois, United States

Hu-Friedy Mfg. Co., LLC is a manufacture of dental instruments and products designed to function as an extension of each practitioner's particular skill. Its products, hand-crafted by highly-skilled artisans, are known for their precision, performance, longevity, reliability and quality. Hu-Friedy Mfg. Co., LLC was founded in 1908 and is based in Chicago, Illinois.

Buy $725M
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