Firmenich Strengthens Sustainable Ingredients Business With Acquisition Of DRT
Monday, June 1st, 2020 | 344 Views
Firmenich International SA, a global leader in the Flavour & Fragrance industry has acquired Les Dérivés Résiniques et Terpéniques (“DRT”). DRT is a world leader in the development and supply of high quality, renewable and naturally-derived ingredients. This acquisition will see Firmenich become a key player in renewable ingredients for perfumery and beyond.
“We are delighted to have closed this acquisition which will give us a significant competitive advantage moving forward,” said Gilbert Ghostine, CEO, Firmenich.
“This acquisition affirms our commitment to becoming a global leader in renewable ingredients as we meet the growing demand for sustainable products in Perfumery and beyond. Above all, we look forward to working with our long-time partners and welcoming all DRT employees to Firmenich.”
DRT will further strengthen Firmenich’s already leading Perfumery & Ingredients business, enabling the Company to offer its customers the world’s best selection of renewable and sustainable ingredients. DRT will also bring new capabilities in health & nutrition, cosmetics, as well as a number of new markets, including adhesives, coatings and agriculture. The acquisition reinforces Firmenich’s presence in France, its second largest market.
Check these articles out: