Lifco acquires Perfect Ceramic Dental in China
Lifco has signed an agreement to acquire the Chinese dental company Perfect Ceramic Dental (PCD). PCD is a dental laboratory that produces dentures and dental prosthetics mainly for MDH, a German Lifco subsidiary. PCD has since the 1990s produced dental crowns, bridges and complex restorations for MDH Germany. The company has its main facility in Shenzhen, China. PCD reported net sales of 118 MHKD in 2016. Approximately 80% of PCD’s sales is generated by MDH, a Lifco subsidiary in Germany, which means that the acquisition will have very limited effect on Lifco’s consolidated external