DSM And Firmenich Merge To Create Nutrition And Fragrance Leader
A global ingredients and fragrance giant with annual sales in excess of €11bn will be created with the merger of Netherlands' DSM and Switzerland's Firmenich.
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Heerlen, Netherlands-based DSM posted a double-digit rise in sales at its Health, Nutrition and Care operation in the first half despite facing a "continuous battle" to place and receive deliveries.
Firmenich says it is first in the industry and second in the world to certify 100% of employees to Fair Wage Network’s living wage standards. The Swiss fragrance and flavor firm is focused now on driving progress from suppliers and customers.
Royal DSM reports higher demand for supplements and personal-care product ingredients as Q1 sales at its recently-formed Health, Nutrition & Care group grow by 16%.