DSM AND FIRMENICH MERGE TO FORM A NUTRITION & FRAGRANCE GIANT

DSM, a Dutch health and nutrition specialist and Firmenich International SA, a flavour and fragrance company have merged to form a new nutrition and fragrance giant.

With nearly 30,000 staff, the newly formed company will have its presence in over 340 sites across 60 countries around the globe. The “merger of the equals” as it is called will comprise of four businesses which includes fragrance and beauty; taste, texture and health; health, nutrition and care; and animal nutrition and health. 

The largest privately held fragrance and flavour firm in the world, Firmenich has been run by the same family for 127 years. The Swiss company is known for its top-notch research and position as a leader in sustainability. It specialises in fragrances, flavours, and ingredients. 

Over the course of its more than 150-year existence, DSM has evolved into a world leader in bioscience, nutrition, and health. A business model based on global products, local solutions, customisation, and accuracy is supported by the Dutch-Swiss company, which specialises in nutritional additives for food and feed. It has established world-leading bioscience capabilities and a global network of high-quality manufacturing facilities. 

The new business will have unmatched proprietary capabilities to collaborate with clients to accomplish their intended objectives. With a focus on sustainability, health, and well-being, DSM-Firmenich will be better able to anticipate and meet the needs of today’s conscious consumers.

With four successful and complementary businesses, the merger of Firmenich and DSM will establish the top creation and innovation partner in nutrition, beauty, and well-being. While Food & Beverage/Taste & Beyond will serve as a global partner to the food and beverage sector, Perfumery & Beauty will be the leading producer of uplifting perfumes and beauty products. While Animal Nutrition & Health will concentrate on specialised science- and technology-driven solutions to the ever-increasing demand for protein, Health, Nutrition & Care will offer high-quality, customised solutions that support people’s health at every stage of life.

References:

https://www.dairyreporter.com/Article/2023/05/09/a-merger-of-equals-dsm-and-firmenich-merge-to-form-new-fragrance-and-nutrition-giant#:~:text=My%20account-,’A%20merger%20of%20equals’%3A%20DSM%20and%20Firmenich%20merge%20to,new%20fragrance%20and%20nutrition%20giant&text=Dutch%20health%20and%20nutrition%20specialist,strong%20entity%20%E2%80%93%20DSM%2DFirmenich.

https://www.prnewswire.com/in/news-releases/dsm-and-firmenich-to-merge-becoming-the-leading-creation-and-innovation-partner-in-nutrition-beauty-and-well-being-852826244.html