Firmenich, the world's largest privately held fragrance and flavor company, and DSM today jointly announced the launch of the exchange offer in connection with their merger to create DSM-Firmenich :
- This combination will bring together Firmenich's unique leading-edge fragrance and flavor business, world-class scientific platforms and associated co-creation capabilities with DSM's outstanding health and nutrition portfolio and recognized scientific expertise.
- The new company will have four highly successful and complementary businesses, each with a leading position and backed by world-class science. DSM-Firmenich will be better able to partner with its customers to achieve their ambitions and meet the needs of today's conscious consumers who value sustainability, health and wellness.
- The new international Swiss-Dutch company will be domiciled in Switzerland and listed on Euronext Amsterdam.
Geraldine Matchett and Dimitri de Vreeze, co-CEOs of DSM, commented, " We are entering an exciting new phase as we seek to bring together the complementary capabilities of DSM and Firmenich, like-minded and passionate individuals, and unite the legacies of two great historical companies. DSM-Firmenich is set to become the leading creative and innovative partner in nutrition, beauty and wellness, capable of delivering increased growth and shareholder value through strong growth synergies, as well as an enhanced customer offering and even greater positive impact worldwide."
Gilbert Ghostine, CEO of Firmenich, added: "This merger is a transformative moment in the history of both companies. DSM-Firmenich will be a world-class partner, uniquely positioned to anticipate and better serve the evolving needs of consumers by unlocking opportunities for our customers and employees. Both our companies are committed to playing their part in society, with ESG at the heart of everything we do, and I am convinced that DSM-Firmenich will have a positive and measurable impact on people, climate and nature."