My last bottle of HC-110, bought in Toronto, was made in Germany, but the one before was made in the US.
It's one of the few things I can get cheaper here in France than in North America, (usually), probably because of the shorter, overland shipping and the lack of a currency exchange cost. But the difference is very small.
And, they dropped the European concentration, even though it's made in Europe.
Isn't it all good fun?