The Dutch-Swiss giant wants to separate from its animal nutrition and health (ANH) division by 2025 and focus on three other businesses: perfume and beauty (P&B). Taste, Texture and Health (TTH) and Health, Nutrition and Care.
The merger of DSM and Firmenich creates a world leader in nutrition, health and beauty, but the ANH businessDriven by different dynamics than the rest of the group;” the multinational company said in a statement.
The ANH business, based in Kaiser-August, Switzerland, near Basel, generated sales of more than 3.2 billion euros last year, representing a quarter of DSM-Firmenich’s revenue. However, fluctuations, particularly in the vitamin market, weighed on results in fiscal 2023.
“These are difficult times, but we strongly believe that separation is better for both the company and its employees.” commented Dimitri de Vries, CEO of dsm-firmenich.
According to dsm-firmenich, the sale of the ANH business will allow the group to strengthen its position as a world leader in nutrition, health and beauty.
“By focusing entirely on Perfumery and Beauty (P&B); Taste, Texture and Health (TTH); and leveraging Health, Nutrition and Care (HNC), the company leverages complementary world-class scientific research. , technology and manufacturing excellence can be further developed. Our full focus on these businesses is expected to improve commercial potential and synergies, supporting attractive and consistent growth prospects with strong profits.” dsm-firmenich details.