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Tuesday August 9th, 2022
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Firmenich successfully closes acquisition of DRT

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Firmenich announced the closing of its acquisition of Resin and Terpene Derivatives (DRT). DRT is the world leader in the development and production of renewable ingredients from natural sources. This acquisition positions Firmenich as a major player in renewable ingredients for perfumery.

Located in Dax and founded in 1932, DRT has developed an integrated business model, including access to renewable raw materials, extraction and distillation skills, as well as advanced innovation processes.

“We are delighted to have completed this acquisition which gives us a significant competitive advantage for the future. This acquisition affirms our commitment to become the world leader in renewable ingredients by meeting the growing demand for sustainable products in perfumery and many other fields. Above all, we look forward to working with our long-term partners and welcoming all DRT employees to Firmenich ” , said Gilbert Ghostine, CEO of Firmenich.

DRT will further strengthen Firmenich's leading edge fragrance and ingredient activities, enabling the company to offer its customers a wide range of renewable and sustainable ingredients. DRT will also bring new skills in health and nutrition, cosmetics, as well as opening up new markets, including adhesives, coatings and agriculture. This acquisition also strengthens Firmenich's presence in France, its second largest market.

DRT has a turnover of 550 million euros, employs more than 1,500 people worldwide and operates with four production sites located in France, two sites located in the United States, two in India and one in China.

Firmenich announced on March 6, 2020 that it had entered into an exclusivity agreement with Ardian, Tikehau Capital and the shareholders of the family for the acquisition of DRT. Consultations with employee representatives as well as necessary validations from antitrust authorities have since been completed, and the acquisition is now closed.

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