Wednesday, December 22, 2010

New News Same As The Old News- Philips purchases Discus- Offical Letter

I got this email today finalizing  news I reported back in October. MJ


December 20, 2010


Greetings,

We are writing to inform you that today Royal Philips Electronics, a world leader in healthcare, lifestyle and lighting, has announced that it has acquired Discus Holdings, LLC.

Having built the company to a position of strength in the professional dental space, the Discus founders felt that a global player in the area of oral healthcare would be able to take it to the next level of international growth as part of a broader portfolio.

Philips is the ideal partner to achieve this - the company offers the number one sonic, electric tooth brush as recommended by dental professionals worldwide with their Sonicare line. Together, Philips and Discus will significantly expand the global reach and scope of the combined products.

Headquartered in the Netherlands, Philips employs approximately 118,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion (approx. 30B USD) in 2009, the company is a market leader in healthcare, lighting and lifestyle, with strong leadership positions in lifestyle products including flat TV, male shaving and grooming, portable entertainment and oral healthcare.

In the coming months, we will update you on the integration process. Any questions you may have on Discus activities and products should be directed as normal to your local Discus representative.

Yours sincerely,

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