The Dutch-Swiss giant wants to separate from its Animal Nutrition & Health (ANH) division by 2025 to focus on its three other businesses Perfumery & Beauty (P&B); Taste, Texture & Health (TTH) and Health, Nutrition & Care.
The merger of DSM and Firmenich created a world-leader in nutrition, health and beauty, however the ANH business “is driven by different dynamics to the rest of the Group,” said the multinational in a statement.
Based in Kaiseraugst, not far from Basel, Switzerland, the ANH business generated a turnover of more than 3.2 billion euros last year, or a quarter of the dsm-firmenich’s revenues. However, it weighed on the results for the 2023 financial year, in particular due to the volatility of the vitamin market.
“This is a difficult moment, but we strongly believe that a separation would be better for both businesses and their employees,” commented Dimitri de Vreeze, CEO of dsm-firmenich.
According to dsm-firmenich, the sale of the ANH business would enable the group to strengthen its position as a world-leader in nutrition, health, and beauty.
“By fully focusing on Perfumery & Beauty (P&B); Taste, Texture & Health (TTH); and Health, Nutrition & Care (HNC), the company can further develop its complementary world-class scientific research, technologies and manufacturing excellence. Full focus on these businesses is expected to enhance their commercial potential and synergies, supporting an attractive and consistent growth outlook alongside robust margins,” detailed dsm-firmenich.
