The Timken Company Acquires Score International, Inc.
18 January 2001
The Timken Company Acquires Score International, Inc.CANTON, Ohio, Jan. 18 The Timken Company announced today that it has acquired the assets of Score International, Inc., a manufacturer of dental handpiece repair tools located in Sanford, Fla. The purchase price was not disclosed. (Photo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) "This acquisition expands our broad range of services and products for the dental market worldwide," said Donna Demerling, president - Timken Aerospace and Super Precision business unit. Timken currently offers dental handpieces, related products and repair services to dental practitioners through its Handpiece Headquarters subsidiary based in Orange, Calif. Handpiece Headquarters operates a global network of more than 30 service centers. Score had sales of approximately $3.5 million in 2000. The company which employs 25 people, will continue to operate from its Sanford, Fla. location. "Score will extend our handpiece service line and will bring growth to the entire network, including increased penetration in the international marketplace, " adds Ms. Demerling. "Increasing use of heat sterilization of dental instruments, which tends to break down the components, has resulted in a greater need for handpiece repair globally." Score is known for its E-Z Press III(TM) repair tool and E-Z Rebuild Kit(TM), which enable dentists to fix their handpieces quickly and conveniently in their own offices. Besides handpiece repair products, the company also operates a handpiece repair service, similar to that of Handpiece Headquarters, in which handpieces in need of repair are picked up at dentists' offices, repaired and then returned after just a few days. Score was established in 1994 by Henry Hardy and John Millonig, Jr. Under Hardy's direction, the company and its products have rapidly developed to be an accepted handpiece repair alternative by the dental community. Hardy will continue to support sales growth initiatives. Score has been ranked three times among the fastest growing companies in Florida by the University of Florida. Timken has been making bearings for dental handpieces for more than 40 years and is one of only a few bearing manufacturers that offers super precision ball bearings capable of operating in a high-speed, dental handpiece application. The Timken Company ( http://www.timken.com ) is a leading international manufacturer of highly engineered bearings and alloy steels with operations in 24 countries.