DSM and Firmenich have completed their merger and will henceforth operate under the name of DSM-Firmenich. The new company will have about 30,000 employees and will operate in four divisions:

Perfumery & Beauty

* Taste, Texture & Health

* Health, Nutrition & Care

* Animal Nutrition & Health

DSM and Swiss-based flavours and fragrances house Firmenich have agreed to merge. The deal, which is expected to close in 1H 2023, is valued at about $19.6 billion. DSM-Firmenich would have about €11.4 billion/year in sales, comparable to IFF after its combination with DuPont’s Nutrition and Biosciences business early last year.