|By Marketwired .||
|July 9, 2014 02:55 PM EDT||
IRVINE, CA -- (Marketwired) -- 07/09/14 -- Hunter Wise Securities, LLC (a subsidiary of Hunter Wise Financial Group, LLC) and Managing Director, David Luvisa, are pleased to announce that its clients DUX Dental and Vettec of Oxnard, California, have been acquired by Kerr Corporation of Orange, California, to further expand its product portfolio and to better serve dental professionals and healthcare providers globally.
DUX Dental is a manufacturer and distributor of high quality dental products, including Zone Temporary Cement, Identic Alginate and Bib-Eze disposable bib holders, as well as its award-winning PeelVue sterilization pouches. Vettec Inc. is a worldwide provider of animal healthcare products.
"DUX Dental is an excellent complement to Kerr's portfolio of dental consumables and small equipment and broadens our consumable and restorative offerings to the general practitioner, dental specialist, hygienist, and institutional customer," says Damien McDonald, Group President at Kerr Corporation. "Further, with Vettec we unlock new opportunities for growth in the attractive animal healthcare market. We welcome the associates of both businesses into the Kerr family and look forward to expanding their potential with our global reach and clinical, technological and R&D capabilities."
"I am pleased that DUX Dental and Vettec have found a good home with Kerr. These were my family's companies and I am confident that Kerr will continue to support our products and people going forward," remarked Paul Porteous, former owner of DUX Dental and Vettec.
DUX Dental and Vettec will proudly join Kerr and the KaVo Kerr Group global platform of brands that include KaVo, Kerr, Kerr Total Care, Pentron, Axis|SybronEndo, Orascoptic, Pelton & Crane, Marus, DCI Equipment, Gendex, DEXIS, Instrumentarium, SOREDEX, i-CAT, NOMAD, Implant Direct and Ormco.
David Luvisa, the Hunter Wise investment banker representing DUX Dental and Vettec remarked that, "This transaction is the second time that I have had the pleasure to work with Paul Porteous and his talented team. Access to Kerr's robust international distribution infrastructure should accelerate the growth of the DUX and Vettec portfolios."
About Hunter Wise Financial Group, LLC
Hunter Wise Financial Group, LLC, is a specialized investment bank providing the highest quality level of corporate financing, merger, acquisition, divestiture and advisory services. The Company's clients include small to medium-sized public companies, as well as selected middle market privately-held businesses. Headquartered in Irvine, California, Hunter Wise Financial Group, LLC has 11 offices throughout the U.S. and an office in Canada. For information on Hunter Wise Financial Group, LLC, visit www.hunterwise.com.
Hunter Wise Financial Group, LLC
Hunter Wise Securities, LLC