DSM and Firmenich announce their merger
THE WHAT? DSM and Firmenich announced that they have entered into a business combination agreement to establish a leading creative and innovation partner in nutrition, beauty and wellness.
THE DETAILS The combination will bring together Firmenich’s core fragrance and taste businesses with DSM’s health and nutrition portfolio. The new company will be made up of four high-performance and complementary businesses: fragrance, taste, texture and nutrition and will show potential annual synergies of €350 million in adjusted EBITDA, with annual sales growth set at 5 to 7% per year. year. medium term.
The combined companies will retain two headquarters, one in Switzerland and one in the Netherlands
THE WHY ? DSM-Firmenich will be able to better anticipate and meet the needs of today’s conscious consumers who prioritize sustainability, health and wellness.
Gilbert Ghostine, CEO of Firmenich, explains: “This is the next natural step in the evolution of Firmenich. We are excited to continue Firmenich’s tradition of entrepreneurial excellence and create a global leader that will be able to bring cutting-edge innovation and technology to our customers, addressing the most pressing consumer needs. DSM shares our purpose-driven values and, like us, creates value for its customers through its scientific approach and pioneering technologies, making a real difference for people and the planet. I am thrilled that Firmenich’s legacy is shaping a new industry leader who will innovate for a better world.