Firmenich and DSM confirm merger to form fragrance and nutrition giant
Geraldine Matchett (left) and Dimitri de Vreeze will co-lead the new company dsm-firmenich.
DSM-Firmenich
The merger of Swiss flavour maker Firmenich and Dutch specialty chemicals firm DSM was confirmed on Tuesday. The new company, known as dsm-firmenich, will focus on nutrition, health and beauty products, and have a combined staff of 30,000.
This content was published on
2 minutes
Keystone-SDA/sb
“dsm-firmenich will be a trailblazer in the reinvention, manufacturing, and combination of vital nutrients, flavours, and fragrances,” the new firm said in a statement on Tuesday.
Geraldine Matchett and Dimitri de Vreeze will co-lead the new company. The merger is due to be officially completed on September 1. Matchett will then leave the company, leaving Vreeze at the helm.
In early April the two companies announced that they had obtained the necessary approvals for the merger.
The new multinational hopes to generate annual revenue of over €11.5 billion (CHF11.9 billion), with dual headquarters in Switzerland and the Netherlands and will be listed on the Euronext in Amsterdam.
Experts say the merger will try to challenge competitors including Swiss multinational Givaudan, which serves food giant Nestlé and luxury goods maker Richemont.
Firmenich is a privately owned company in the fragrance and flavour business and ranks second worldwide in terms of market share. It has created perfumes for more than 125 years, according to the companyExternal link website.
DSM is a Dutch multinational that has been active in the fields of health, nutrition and materials.
Swiss invention: 90-year anniversary of first T-bar ski lift
This content was published on
On Monday it will be 90 years since the world’s first T-bar ski lift went into service in Davos. This Swiss invention was an instant success.
Iran summons Swiss ambassador over US and Italy arrests
This content was published on
Iran has summoned the Swiss ambassador, who represents US interests, to protest against the arrest in the US and Italy of two Iranians.
Swisscom receives greenlight for acquisition of Vodafone Italia
This content was published on
The takeover of Vodafone Italia by Swisscom is nearing completion. All relevant authorities have now approved the €8 billion (CHF7.45 billion) deal.
Novo Nordisk stock market plunge drags down Swiss device maker Ypsomed
This content was published on
The Danish pharmaceutical giant, Novo Nordisk, faced setbacks on Friday that weighed on the share price of Swiss injection device manufacturer Ypsomed.
Swiss press react to EU deal with mix of euphoria and scepticism
This content was published on
Swiss media reaction to the agreement between Switzerland and the EU varies widely. Some are celebrating, while others worry about what is to come.
Swiss Solidarity donations to tackle child abuse top CHF4 million
This content was published on
Swiss Solidarity, the humanitarian arm of the Swiss Broadcasting Corporation (SBC), has raised over CHF4 million ($4.3 million) to tackle child abuse.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss firms named in global fragrances cartel probe
This content was published on
The Swiss Competition Commission has named Givaudan, Firmenich and two other firms suspected of being involved in the fragrances cartel probe.
Three Swiss firms ranked among top 100 family businesses
This content was published on
Swiss firms Roche, Kühne + Nagel and Richemont are among the world's top 100 family businesses, according to a new study.
This content was published on
Biotechnologist Sarah Reisinger wants to use data science to create scents that bring positive emotions to as many people as possible.
Swiss set sights on becoming hub for food and nutrition innovation
This content was published on
Big players across industry and academia have come together to boost Switzerland’s reputation as a powerhouse for food and nutrition innovation.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.