Scholl Then Agree To Merge

Scholl, Then Agree To MergeSwitzerland-based Scholl Switzerland AG and Then GmbH, Germany, are to merge effective January 1, 2003. The new company will be called Scholl-Then AG and will be headquartered in Safenwil, Switzerland. Then will own 70 percent of the new business. Scholl will own 30 percent. Scholl-Then will manufacture its wet processing machinery and dispensing and dissolving equipment in Safenwil and Schwaebisch-Hall, Thens present location.December 2002

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