- Dragoco Company:
Dragoco, with a history dating back to 1919, was a renowned German company. It specialized in manufacturing a diverse range of products, including smell and taste substances, cosmetic raw materials, perfume compositions, active ingredients, aroma chemicals, and flavors.
The company was headquartered in Holzminden, Germany, and had a significant global presence. It was known for its high - quality products, with its research and development efforts resulting in creations like those for well - known brands such as Coty's Stetson for men, Max Factor's Le Jardin, and Benetton's Tribù.
Dragoco played a crucial role in the fragrance and flavor industry. Its operations were comprehensive, from the initial research on new scents and tastes to the large - scale production of its products. The company also made efforts to restructure its divisions for better focus and service. For instance, it created the Cosmetics Ingredients Worldwide division to strengthen its position in the cosmetics ingredients area and offer more tailored services to clients.
In 2002, Dragoco merged with Haarmann & Reimer. The merger, under the new name Symrise, accounted for around 11% of the total market volume for flavors and fragrances at that time. This merger was part of the strategic plan by the Swedish financial investor, Northern Europe Private Equity Funds (Eqt), which acquired both companies with the aim of creating a more dominant player in the industry. Even though Dragoco as an independent entity ceased to exist after the merger, its legacy in the fields of fragrance, flavor, and cosmetics ingredients continues to influence the market through Symrise.
