Firmenich and DSM have announced plans to merge the two companies, creating an “unparalleled” leader in nutrition, beauty and well-being. The venture, called DSM-Firmenich, is “a true merger of two companies that put science at the heart of their business, are purpose-driven and share common values, DSM co-CEO Dimitri de Vreeze is quoted as saying.
In 2021, the two companies generated adjusted pro forma EBITDA of €2.2 billion on pro forma sales of €11.4 billion. DSM CEO Geraldine Matchett and de Vreeze are to become CFO and COO of the merged company.
Upon completion of the merger, DSM-Firmenich will be organised into four strategic business units:
Animal Nutrition (28% of the business)
Perfumery and Beauty (28% of sales)
Health, Nutrition & Care (18% of sales)
Food & Beverage / Taste & Beyond (24% of sales) – this €2.7 billion food and beverage division will undergo the biggest transformation with the integration of DSM and Firmenich competencies.
