- DSM and Firmenich have entered into a business combination agreement.
- The new company will have four high-performing and complementary businesses.
- The merger aims to accelerate innovation and generate new growth opportunities.
- The combined company will have an extensive global footprint.
Merger Announcement
DSM and Firmenich have entered into a business combination agreement to form DSM-Firmenich, a leading creation and innovation partner in nutrition, beauty, and well-being. This merger will combine Firmenich’s expertise in perfumery and taste with DSM’s health and nutrition portfolio.
Complementary Capabilities
The new company will benefit from complementary capabilities across fragrance, taste, texture, and nutrition, driven by world-class science. DSM-Firmenich aims to better anticipate and address the needs of today’s consumers who prioritize sustainability, health, and well-being.
Business Integration
The merger will create a global-scale partner for the food and beverage industry by combining DSM’s Food & Beverage and Firmenich’s Taste & Beyond businesses. Firmenich’s Perfumery and Ingredients business will expand into Beauty with DSM’s Personal Care & Aroma business. Additionally, DSM’s Health, Nutrition & Care and Animal Nutrition & Health businesses will join the combined company.
Global Footprint
DSM-Firmenich will have an extensive global footprint, providing customers with access to a vast network of R&D, creation, and application capabilities. This network will be informed by local consumer preferences across regional and local hubs worldwide.
Sustainability Commitment
The merger will enhance the companies' commitment to sustainability across the value chain, driving environmental, social, and governance leadership globally. Both companies have a history of action on climate change and care for people, which will continue under DSM-Firmenich.
Leadership Comments
Key figures from both companies, including Thomas Leysen, Patrick Firmenich, Geraldine Matchett, Dimitri de Vreeze, and Gilbert Ghostine, expressed confidence in the merger’s potential to drive innovation, growth, and sustainability, benefiting all stakeholders.
