ClearCorrect Acquired by Straumann Group

Posted: August 18, 2017
Edited by Dentaltown staff

ROUND ROCK, Texas—ClearCorrect, a manufacturer of clear aligners, recently announced their acquisition by the Straumann Group, provider of tooth replacement solutions, for a total consideration of approximately $150 million.

For more than 10 years, ClearCorrect (a privately-held company) has established itself in clear aligner manufacturing, servicing doctors in North America, Europe, Israel, Australia and New Zealand. This investment will help ClearCorrect improve its products and expand to offer their Flex and Unlimited treatment options to more providers around the world.

Straumann’s acquisition comes as part of a new initiative by the company to enter the orthodontic market and leverage the power of 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. 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," said Straumann Group CEO Marco Gadola.

ClearCorrect will continue to design and manufacture clear aligners in Round Rock, Texas, under the ClearCorrect brand name. The company anticipates no disruptions to its products or service during the transition.

“We’re excited to be a part of Straumann. 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," said ClearCorrect CEO Jarrett Pumphrey

The partnership between ClearCorrect and Straumann will be finalized over the coming month.
 
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