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Quest International, a leading supplier of flavours and fragrances to the food and personal care industry, was a wholly owned subsidiary of ICI plc. Employing over 3400 people and headquartered in Naarden, The Netherlands, the company had manufacturing and creative centers in over 35 countries. Quest, which had sales of $1.2Bn, was sold to Givaudan for £1.2Bn at a multiple of 15xEBITDA in March 2007.
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