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.
This content was published on
The Ethos Foundation recommends that shareholders vote against all compensation-related items at the Annual General Meeting on March 7.
Top Swiss firms close to reaching gender quota in boards
This content was published on
The proportion of women on the boards of directors of the fifty largest listed companies in Switzerland currently stands at 28%.
Swiss committee wants to end government resignations during legislative term
This content was published on
Members of the Federal Council should no longer be able to leave office before the end of their term, according to a House of Representatives committee.
Swiss government seat: Ritter and Pfister nominated to succeed Amherd
This content was published on
Markus Ritter from St Gallen and Martin Pfister from Zug were officially nominated by the Centre Party on Friday to succeed Defence Minister Viola Amherd.
Top Swiss court rejects Russian request for administrative tax assistance
This content was published on
There is currently no reason to transmit banking information to the Russian Federation, the Swiss Federal Court has ruled.
After strike by radiologists, doctors demonstrate in Bern
This content was published on
Following a strike by radiology technicians in Fribourg, doctors, vets, dentists and chiropractors expressed their frustration on Friday outside parliament in the Swiss capital.
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.