Heerlen (NL) | Geneva (CH). (dsm / fisa) DSM and Firmenich announce that they have entered into a business combination agreement (BCA) to establish the leading creation and innovation partner in nutrition, beauty and well-being: DSM-Firmenich. The combination will bring together Firmenich’s unique leading Perfumery and Taste businesses, its world-class science platforms and associated co-creation capabilities with DSM’s outstanding Health and Nutrition portfolio and renowned scientific expertise. The new company will have four high-performing and complementary businesses, each with leading positions and underpinned by world-class science.
DSM-Firmenich will benefit from complementary capabilities across fragrance, taste, texture and nutrition, fueled by world-class science. The company will have unparalleled proprietary capabilities to partner with customers to fulfill their ambitions. DSM-Firmenich will be able to better anticipate and to address the needs of today’s conscious consumers who prioritize sustainability, health and well-being.
The merger of DSM-Firmenich will further accelerate innovation for the industry and generate new growth opportunities for customers. It will form a new global-scale partner to serve the food and beverage industry, combining DSM’s Food + Beverage and Firmenich’s Taste + Beyond businesses. Firmenich’s world-leading global Perfumery and Ingredients business will expand further into Beauty through the addition of DSM’s Personal Care + Aroma business. These new combined businesses will be joined by DSM’s high-performing Health, Nutrition + Care and Animal Nutrition + Health businesses.
The combined company’s extensive global footprint will provide customers with access to an unprecedented network of R+D, creation and application capabilities, informed by local consumer preferences, across regional and local hubs around the world. Both businesses have successful track records of investing in and delivering ground-breaking innovations that create and reshape markets. Opportunities from new pioneering and complementary digitally- powered business models will build upon the 125+ year heritages of each company in purpose- led scientific discovery and innovation.
DSM-Firmenich will bring together both companies’ relentless commitment to sustainability across the value chain, and in doing so help to drive environmental, social and governance leadership globally. Sustainability considerations have long been embedded within both companies’ strategies and DSM-Firmenich combines two companies with shared values and longstanding action on climate change, embracing nature and care for people.
The compelling strategic rationale for this combination is reflected in the attractive synergy potential, resulting in double-digit EPS accretion 1 and an enhanced strategic position across the markets in which DSM-Firmenich will operate.
Listed on Euronext Amsterdam, DSM-Firmenich will have a dual headquarter in Switzerland (Kaiseraugst, Rheinfelden District, Canton of Aargau) and the Netherlands (Maastricht, Province of Limburg). The top mark at bakenet:eu will be «Amsterdam / NL» in the future, everything else is too long. For additional information please read the company’s PDF file below (240 KB):20220601-DSM-FIRMENICH-MERGER.