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Roche Holding to Purchase Tastemaker

Times Staff and Wire Reports

Swiss pharmaceutical company Roche Holding agreed to acquire Tastemaker, an international manufacturer of food flavorings, from two U.S. chemical companies in a deal worth about $1.1 billion. St. Louis-based Mallinckrodt Inc., which also makes drugs and other medical products, and Hercules Inc. of Wilmington, Del., each said they expect to net $550 million from the transaction. Tastemaker, a Cincinnati-based company that makes flavoring and citrus specialties used in foods and beverages, has about 1,280 employees worldwide. It had 1996 sales of about $320 million. Roche said Tastemaker will be a strategic fit with its Givaudan-Roure unit, an international fragrances, flavors and aroma chemicals business.


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