DSM-Firmenich
dsm-firmenich was formed on 20 April 2023 through the merger of Royal DSM and the Swiss company Firmenich.
Activities
dsm-firmenich has over 300 locations in more than sixty countries. In 2024, the company achieved a turnover of € 12.8 billion.The activities are divided into four parts, with the abbreviations of these in brackets:
Perfumery & Beauty, raw materials for personal care products;
Health, nutrition and care, health products especially in the field of nutrition;
Taste, Texture and Health, Food and Beverage Ingredients;
Animal Nutrition and Health, animal feed ingredients and health.
Turnover is fairly evenly distributed across these four activities, although HNC is the smallest of the four measured by turnover.
dsm-firmenich decided to divest the ANH business unit in February 2024.
Results
Sales in 2023 were €12.3 billion, this is on a pro-forma basis, as if the combination had existed for the entire year. The high net profit in 2023 was partly due to the sale of Engineering Materials to Advent International and Lanxess for €3.85 billion. The book profit on this transaction was €2.8 billion.On May 30, 2024, the new dsm-firmenich headquarters in Maastricht was officially opened by Queen Máxima.
In February 2025, it reached an agreement with Novonesis. This will take over Feed Enzymes Alliance, a part of ANH, for €1.5 billion. The sold activities achieved a turnover of 300 million euros in 2024. Novonesis will continue to supply food enzymes to ANH. This will make the sale of the rest of ANH easier.