DSM-Firmenich has begun a process to carve-out and separate out the Animal Nutrition & Health (ANH) business because of the different dynamics it faces to the Perfumery & Beauty, Taste, Texture & Health and Health, Nutrition & Care businesses. The process should be completed in the course of 2025. The company said that it believes that a separation would allow it “to strengthen its position as a world-leader in nutrition, health, and beauty”.

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.