11.14.05
GERMANY: Dragoco and Haarmann & Reimer, both based in Holzminden, have joined to form Symrise. The company now accounts for 11% of total market volume, according to company estimates.
In 2002, both companies generated sales of approximately 1.24 billion euro, representing a 3.2% rise in sales year-on-year in local currencies. Sales growth was generated in particular in the flavor segment, where sales rose 6.2%, as well as by the regions of Europe, up 6.1%, and South America, up 7.5%, executives said.
“The name Symrise not only stands for a successful symbiosis of two tradition-steeped companies, new vitality and a new beginning,” said Symrise chief executive officer Horst-Otto Gerberding. “Symrise also stands for a new and creative corporate entity that we will be establishing as a distinct brand in its own right, and naturally for collaboration with our customers in a spirit of partnership. Our combined core competencies and our joint expertise serve as the guarantee that Symrise will successfully position itself in the global market.”
In 2002, both companies generated sales of approximately 1.24 billion euro, representing a 3.2% rise in sales year-on-year in local currencies. Sales growth was generated in particular in the flavor segment, where sales rose 6.2%, as well as by the regions of Europe, up 6.1%, and South America, up 7.5%, executives said.
“The name Symrise not only stands for a successful symbiosis of two tradition-steeped companies, new vitality and a new beginning,” said Symrise chief executive officer Horst-Otto Gerberding. “Symrise also stands for a new and creative corporate entity that we will be establishing as a distinct brand in its own right, and naturally for collaboration with our customers in a spirit of partnership. Our combined core competencies and our joint expertise serve as the guarantee that Symrise will successfully position itself in the global market.”