Dragoco

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Dragoco company logo

Dragoco was founded in 1919 in the fragrance and flavor industry based in Holzminden . Dragoco merged with Haarmann & Reimer (H&R), also based in Holzminden, on February 20, 2003 to form Symrise GmbH & Co. KG.

founding

In 1919 the master hairdresser Carl-Wilhelm Gerberding (1894–1984) founded the Dragoco ("Dragon Company" based on the East Asian culture , which the company founder loved) and began producing perfume and soap compositions . Co-founder and co-owner was August Bellmer and a workforce of 15 people.

The development and growth of the company required the expansion of the company premises and the construction of new buildings from 1928 onwards. The flavors industry began to take up in 1930.

1935 Takeover of Heinrich Haensel GmbH & Co. KG, originally from Pirna , see: Gustav Haensel .

post war period

After the Second World War , the sons Carl-Heinz and Horst Gerberding took over the management of the company. Dragoco has become a modern specialist company for concentrated fragrances and flavors.

From 1955, Dragoco also founded several subsidiaries abroad - including 1956 in the USA, 1967 in Mexico, 1973 in Brazil, 1964 in Great Britain, 1975 in Hong Kong, 1961 in France, 1959 in Austria, 1955 in Italy and 1973 in Switzerland .

  • In 1964 the company founder Carl Wilhelm Gerberding received honorary citizenship of the city of Holzminden.
  • 1981 Horst-Otto Gerberding became managing director of Dragoco.

Restructuring and further development

In 1993 the Dragoco Group was restructured and converted into a joint stock company with the name Dragoco Gerberding & Co. AG.

In 1997 Dragoco Gerberding & Co AG had a market share of 10 percent in Poland and 18 percent in Austria. Dragoco held a worldwide market share of 3.3 percent in 1997, making it the eighth largest supplier. The export quota was 80 percent.

From 1998 to March 2000 new fragrance production plants were built for 52.6 million DM. The investment at the Holzminden location was subsidized by the State of Lower Saxony with a total of DM 5 million.

In 1999 Dragoco owned 25 subsidiaries around the world with a total of 1,800 employees and generated consolidated sales of DM 619.5 million. In the same year, a creative studio was opened in New York (USA) in September and a Competence Center in Hamburg in December. According to the world , Dragoco ranked eighth of the approximately 800 companies in the fragrance and flavoring industry worldwide.

On November 8, 2000, the Pudong Industrial Park in Shanghai (People's Republic of China) officially opened a new plant for the development, production and marketing of flavors and perfume compositions. The group turnover increased in 2000 by 11% to 687.4 million DM. The aim of going public was not pursued any further.

On May 11, 2001, Horst Friedrich-Wilhelm Gerberding, who played a key role in establishing Dragoco's international business, dies in Switzerland. He was 75 years old.

The subsidiary Dragoco India Ltd. based in Chennai , entered into a joint venture with the Indian Sanmar Group from May 2002 to 2004 . A new production facility was built here in 2002 for 3.9 million euros.

fusion

On July 17, 2002, EQT Northern Europe Private Equity Fund, which is part of the Wallenberg family , took over the minority interests of Dragoco. With the merger on February 20, 2003 to form Symrise GmbH & Co. KG, the Swedish EQT received a majority of 76 percent, the former CEO and majority shareholder of Dragoco Horst-Otto Gerberding received 22 percent and the Norddeutsche Landesbank (NordLB) received two percent of the new one Symrise company.

In 2002, Horst-Otto Gerberding also took over as CEO of Symrise, which, with sales of 1.245 billion euros and 5,800 employees, rose to become the fourth largest company in the fragrance and flavoring industry worldwide. On September 15, 2003, Horst-Otto Gerberding moved to the Symrise Advisory Board and became a member of the German advisory committee of the financial investor EQT. As a member of the Supervisory Board, Horst-Otto Gerbering bought a further 700,000 shares from Symrise in 2014 for € 25.5 million.

Dragoco was the IKW industrial association body care and detergents e. V. connected.

literature

  • DRAGOCO report for the flavor processing industry / DRAGOCO Gerberding & Co. Aktiengesellschaft , ISSN  0720-1230
  • Beguiling fragrances, sensual aromas by Georg Schwedt in the Science Experience series , 1st edition 2008, Wiley-VCH Verlag , ISBN 978-3-527-32045-5 , foreword industrial history

Individual evidence

  1. ↑ Report on Chemie.de
  2. ↑ a b Corporate Governance: Horst Otto Gerbering ( Memento of the original dated December 28, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (symrise.com, accessed December 28, 2015) @1@ 2Template: Webachiv / IABot / www.symrise.com
  3. ↑ Dragoco press release: DRAGOCO Gerberding & Co. AG: 2000 - DM 2.6 million invested in new fragrance production facilities. Internet Archive , March 28, 2000, archived from the original on April 25, 2001 ; accessed on December 11, 2015 .
  4. ↑ Dragoco press release: DRAGOCO Gerberding & Co. AG: 1999 - Global realignment shows success - Significant growth in sales and earnings - Positive balance in the first half of 2000. Internet Archive , July 19, 2000, archived from the original on April 25, 2001 ; accessed on December 11, 2015 .
  5. ↑ Dragoco turns Hamburg into a fragrance center (welt.de, July 21, 1999, accessed December 12, 2015)
  6. ↑ Press release from Dragoco: DRAGOCO opens new plant in Shanghai. Internet Archive , December 14, 2000, archived from the original on April 24, 2001 ; accessed on December 11, 2015 .
  7. ↑ 2002, Equita Fonds 1 (hqequita.com 2002, accessed December 12, 2015)
  8. ↑ EU merger approval IP / 02/1311 of September 17, 2002 (europa.eu of September 17, 2002, accessed on December 12, 2015)
  9. ↑ Dragoco / H & R: eleven percent world market share (manager-magazin.de of February 21, 2003, accessed on December 12, 2015)
  10. ↑ Haarmann & Reimer and Dragoco advance to the top of the world through merger - IPO is planned (fuw.ch of July 20, 2002, accessed on December 12, 2015)
  11. ↑ Dragoco and Haarmann & Reimer become Symrise (chemie.de March 6, 2003, accessed December 12, 2015)
  12. ↑ Symrise controller Gerberding buys shares for a good 25 million euros (focus.de from May 21, 2014, accessed on December 12, 2015)
  13. ^ Catalog of the German National Library (d-nb.info, accessed December 12, 2015)

Coordinates: 51 ° 49 ′ 35.9 ″  N , 9 ° 28 ′ 15 ″  E