Founded in 2006 and headquartered in Round Rock, Texas, ClearCorrect is a privately-held fast-growing company that generated sales of USD 32m in 2016, making it a well-established provider of clear-aligner tooth-correction solutions2. The company develops and produces high-quality easy-to-use solutions that are transparent, removable, comfortable, attractively priced, and used typically to treat minor to medium malocclusions. The majority of its customers are general dentists, who are served directly in North America or through sales agents in Australia, Israel, New Zealand and the UK. Having built its business with an internal sales team only, the company recently began to establish a field force to target new customers actively. Today the ClearCorrect employs a staff of approximately 200.
Straumann is acquiring all outstanding shares in ClearCorrect Holdings, Inc., and its subsidiaries for a total consideration of approx. USD 150m.