Acquisition offers western region expansion for Smile Innovations
Vancouver, BC, March 1, 2021 — Smile Innovations Group announced the acquisition of Capital Ceramics Ltd., effective March 1, 2021. Capital Ceramics, located in Edmonton, Alberta, will operate independently under Smile Innovations’ growing portfolio of dental laboratories and maintain its current management structure, while allowing Smile Innovations to broaden its reach geographically, and expand on a regional level.
Capital has experienced continued growth over the last several years, which speaks to their progressive approach to digital dental technology, a commitment in delivering high quality products, and an undisputed customer experience. Maintaining a competitive advantage in the dental laboratory space marks a major accomplishment, given the rapid advancement of technologies and their associated high costs.
Capital’s founder, Mr. Steve Yu notes, “Having grown the business to what it is today, we’re excited to take it to the next level with Smile Innovations, a company whose values align strongly with ours, and the core business we’ve built over the last 4 decades. Maintaining the same style of leadership and culture for our existing team members, played a key factor in the decision.” Donald Park, Smile Innovations’ CEO, says, “We have the utmost respect for the best-in-class solutions and exceptional service Capital has delivered over the years. From our initial meetings with Steve and his team, their passion and unique culture were evident. Being a ‘People First’ organization ourselves, we have strong appreciation for Capital’s commitment towards their core team, many of whom are tenured employees. Capital has been supporting the dental community for over 40 years, and we’re excited to support them in this next chapter, and the legacy Steve has worked so tirelessly in building.”
Smile Innovations has seen rapid growth over the last several years, and with the company poised towards further eastern expansion, the acquisition serves to bolster its leadership position, in the rapidly changing dental industry.
“Offering a comprehensive set of products, services and solutions at scale, allows us to meet the increasing needs of our clients, and shape the future of the dental lab industry, as it continues to evolve,” 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.