Just weeks away from marking one year (May 22, 2022) since DSM and Firmenich announced that the companies entered into a business combination agreement, the two have confirmed the successful merger as dsm-firmenich.
Boasting nearly 30,000 employees, dsm-firmenich is aiming to be "a trailblazer in the reinvention, manufacturing, and combination of vital nutrients, flavors, and fragrances." The company has announced its four sectors of business:
- Perfumery & Beauty
- Taste, Texture & Health
- Health, Nutrition & Care
- Animal Nutrition & Health
Geraldine Matchett and Dimitri de Vreeze, co-CEOs of dsm-firmenich commented, "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. After all, what is essential has limited impact if it is not desirable, and that impact is not positive if it is not sustainable. And sustainable things that people don't want or need don't help much! We are truly global, built on an incredible foundation of proven world-class science with the broadest portfolio of nutrients, flavors, and fragrances. We are delighted to embark on this journey together as a single force for good as innovators in nutrition, health, and beauty."
Matchett and Dimitri de Vreeze, Co-CEOs of dsm-firmenich, added, "We honor 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. 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."
Following the completion of the merger, Matchett has decided this is the right time to further her career elsewhere and will move on, as of September 1, in full alignment and with the thanks of the Board of Directors. Dimitri de Vreeze will be the dsm-firmenich CEO.