Deal Offers Additional Growth Potential and Added Technical Resources
Vancouver, BC, November 1, 2019 — Smile Innovations Group (SIG) today announced the acquisition of JT Ceramics, effective November 1, 2019. JT Ceramics will operate under Smile’s primary lab, Shanto Dental Ceramics, acquired in 2018.
JT Ceramics has shown consistent growth within their last several years of operation. This marks a major accomplishment in the laboratory business, given the rapid evolution of technology and competitive environment. The lab has built an attractive client base, due to both reputable quality and service levels offered. Smile will continue these expectations for existing and new customers.
JT Ceramics founder Mr. Charlie Lee notes, “While acquisitions are foremost business decisions, Smile truly understands people and processes. I’m extremely optimistic about our future with them, and feel we are well aligned.” Donald Park, Smile’s CEO, also recognizes these synergies. “For our continued success, we need to start with quality and then work backwards; the team at JT Ceramics have great appreciation for this.”
With the rapid growth SIG, and its subsidiaries have experienced in the last 18 months, operations and production have recently been centralized in a newly built facility. “We have more than tripled our footprint, and thankfully, with the option of an adjacent property, further growth and expansion can continue,” says Park.
Smile Innovations Group is a private investment company, focusing on dental laboratory acquisitions, consolidation and the development of dental products and services. Established in 2018, the management of Smile Innovations Group offers extensive experience and success in the operational management of large-scale businesses and continually seeks out additional opportunities to add to their growing portfolio of companies. It was co-founded by Manny Padda, Executive Chairman and Donald Park, CEO.