Geneva-based Firmenich to merge with Dutch chemicals company

Firmenich CEO Gilbert Ghostine said the family-owned company expected to be a long-term shareholder in the new company. Keystone/Martial Trezzini

Swiss flavour maker Firmenich and Dutch company Royal DSM have agreed a deal to form a new fragrance giant.

This content was published on May 31, 2022

The new company is expected to be a leader in nutrition, beauty and wellness products, according to a joint statement published on Tuesday.

Under the deal, which is conditional on approval from DSM investors, the Firmenich family will own about 34.5% of the new company, which will have a combined staff of about 28,000.

It is aiming for annual revenue of more than €11.5 billion (CHF11.9 billion) with dual headquarters in Switzerland and the Netherlands and be listed on the Euronext in Amsterdam.

The merger is due to be completed in the first half of next year.

Experts say the merger will try to challenge competitors including Swiss multinational Givaudan, which serves food giant Nestlé and luxury goods maker Richemont.

Firmenich is a privately owned company in the fragrance and flavour business and ranks number two worldwide in terms of market share. It has created perfumes for more than 125 years, according to the companyExternal link website.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Weekly top stories

Keep up to date with the best stories from SWI on a range of topics, straight into your mailbox.


The SBC Privacy Policy provides additional information on how your data is processed.