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H&R and Dragoco Complete Merger

November 11, 2005

GERMANY: Holzminden-based Haarmann & Reimer and Dragoco have completed their anticipated merger under the lead of the EQT Northern Europe Private Equity Funds. The transaction was finalized on Oct. 1.

The two flavor and fragrance producers merged to form a new company with headquarters in Holzminden. The company’s name has not yet been announced.

Integration of the two companies is expected to be complete next year. The companies will continue to do business as separate entities until that time.
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