Announced in 2022 and completed Tuesday, the merger of Dutch health and nutrition company DSM and fragrance company Firmenich launches a new organisation that aims to become “a trailblazer in the reinvention, manufacturing, and combination of vital nutrients, flavours, and fragrances,” said DSM-Firmenich in a statement.
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DSM-Firmenich will be known as a Swiss-Dutch company, listed on the Euronext Amsterdam. It will maintain some 30,000 staff and operations in nearly 60 countries, with revenues of over EUR12 billion (USD13.1 billion).
The company is structured in four high-performing businesses: fragrances under perfumery and beauty; food and beverage products under taste, texture and health; health, nutrition and care; and animal nutrition and health.
“Today marks a new beginning for us all that is the culmination of more than a century of ground-breaking science from two great companies. DSM-Firmenich now stands out as a category of one, uniquely working at the intersection between what people individually want and what we collectively need, without costing the Earth,” said DSM-Firmenich co-chief executive officers Geraldine Matchett and Deimitri de Vreeze in a statement.
While Matchett and de Vreeze currently serve as co-CEOs, from September 1 de Vreeze will be sole chief executive officer of DSM-Firmenich, with Matchett announcing her imminent departure.
Marking the new company’s launch is a new branding identity that combines DSM and Firmenich. “We honour the legacy of DSM and Firmenich by taking the best of both companies in creating a fresh, new identity. It’s lively. It’s vibrant. It’s led by our purpose. Just like DSM-Firmenich,” Matchett and de Vreeze said.
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“This is the beginning of an exciting new time for our employees, our customers, and our partners as we go above and beyond in shaping a positive future for all and as we bring progress to life.”