Health and nutrition group DSM has confirmed a merger agreement with global flavours, fragrances and ingredients company, Firmenich, combining their sector disciplines, which include applications within confectionery, to become DSM-Firmenich, writes Neill Barston. Terms for the deal, which will merge multi-billion international operations have not been revealed, yet the businesses […]
merger
Can DSM Firmenich merger deliver on its synergistic promise?
The deal rivals that of the 2021 €20bn+ (£17bn+) merger between International Flavors & Fragrances (IFF) and DuPont’s Nutrition and Biosciences division. The Dutch and Swiss firms have spoken much of the synergies they predict will save at least €175 million (£149m), while not cutting too many of 28,000 jobs and […]
DSM-Firmenich merger unites science and innovation in cash and shares mega deal
31 May 2022 — Netherlands-based DSM is set to merge with Firmenich, the world’s largest privately-owned taste and perfumery company, to form DSM-Firmenich. The move is set to boost annual sales by €500 million (US$537 million), particularly by combining DSM’s Food & Beverage and Firmenich’s Taste & […]