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The non-compete would apply to the new company if the language of the non-compete was written to apply to "successors in interest, assigns and co-entities." That's not the exactly language it must have, but just a sample of the sort of language that would have to be present in order for the document to have application beyond just the original signing company.
Now days, you are certain to find that language, but a contract from 14 years ago may not have been as well written and may not contain language anticipating the possibility of a different company needing to enforce the agreement.
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