{"id":213782,"date":"2022-11-23T08:00:23","date_gmt":"2022-11-23T08:00:23","guid":{"rendered":"https:\/\/theindustry.beauty\/?p=213782"},"modified":"2022-11-23T16:15:58","modified_gmt":"2022-11-23T16:15:58","slug":"dsm-and-firmench-launch-exchange-offer-for-merger","status":"publish","type":"post","link":"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/","title":{"rendered":"DSM and Firmench launch exchange offer for merger"},"content":{"rendered":"<p><strong>DSM and Firmenich have launched an exchange offer as part of their merger process to establish a new creation and innovation company, called DSM-Firmenich.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The merger will be made through a public offer for DSM shares, in exchange for DSM-Firmenich shares. The acceptance period is expected on 31 January 2023, unless extended.<\/p>\n<p>Swiss company Firmenich is the world's largest privately-owned fragrance and taste company,\u00a0known for creating fragrance for brands including\u00a0<span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/calvin-klein\/\" target=\"_blank\" rel=\"noopener\">Calvin Klein<\/a><\/span>,\u00a0<span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"https:\/\/www.theindustry.fashion\/the_directory\/gucci\/\" target=\"_blank\" rel=\"noopener\">Gucci<\/a><\/span>\u00a0and\u00a0<span style=\"color: #008080;\"><a style=\"color: #008080;\" href=\"https:\/\/theindustry.beauty\/the_directory\/yves-saint-laurent\/\" target=\"_blank\" rel=\"noopener\">YSL<\/a><\/span>. DSM is a Dutch-Swiss corporation that specialises in personal care, health, nutrition and bioscience.<\/p>\n<p><a href=\"https:\/\/theindustry.beauty\/firmenich-and-dsm-announce-merger-to-expand-business-plans\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #008080;\">DSM and Firmenich entered into a business combination agreement<\/span> <\/a>to establish DSM-Firmenich in May 2022.<\/p>\n<p>The partnership will bring together Firmenich's perfumery and taste businesses with DSM's health and nutrition portfolio, to create four \"high-performing and complementary\" businesses across Perfumery &amp; Beauty, Health, Nutrition &amp; Care, Food &amp; Beverage and Animal Nutrition &amp; Health.<\/p>\n<p><a href=\"https:\/\/theindustry.beauty\/dsm-and-firmenich-confirm-leadership-team-for-merger\/\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #008080;\">DSM-Firmenich later announced its new leadership team<\/span><\/a>, with members drawn from both companies. Geraldine Matchett\u00a0and\u00a0Dimitri de Vreeze\u00a0were appointed as Co-CEOs.<\/p>\n<p>Geraldine Matchett and Dimitri de Vreeze, Co-CEOs of DSM-Firmenich, said: \u201cWe are entering the exciting next phase as we look to bring together DSM and Firmenich's complementary capabilities, likeminded and passionate people, and unite the heritages of two great and historic companies.<\/p>\n<p>\u201cThe new company is set to become the leading creation and innovation partner in nutrition, beauty and wellbeing, capable of delivering enhanced growth and shareholder value creation through strong growth synergies, as well as an enhanced customer offering and an even greater positive impact across the world.\"<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026 <a href=\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/\">...<\/a><\/p>\n","protected":false},"author":100,"featured_media":204819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6],"tags":[10148,22598,22599,11222,21238,22600],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DSM and Firmench launch exchange offer for merger - TheIndustry.beauty<\/title>\n<meta name=\"description\" content=\"DSM and Firmenich have launched an exchange offer as part of their merger process\u00a0to establish a new creation and innovation company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DSM and Firmench launch exchange offer for merger - TheIndustry.beauty\" \/>\n<meta property=\"og:description\" content=\"DSM and Firmenich have launched an exchange offer as part of their merger process\u00a0to establish a new creation and innovation company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.beauty\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-23T08:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-23T16:15:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/theindustry.beauty\/wp-content\/uploads\/2022\/05\/firmenich-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sophie Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sophie Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/\",\"url\":\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/\",\"name\":\"DSM and Firmench launch exchange offer for merger - TheIndustry.beauty\",\"isPartOf\":{\"@id\":\"https:\/\/theindustry.beauty\/#website\"},\"datePublished\":\"2022-11-23T08:00:23+00:00\",\"dateModified\":\"2022-11-23T16:15:58+00:00\",\"author\":{\"@id\":\"https:\/\/theindustry.beauty\/#\/schema\/person\/51e852c318a89ff85ed5343f5417e668\"},\"description\":\"DSM and Firmenich have launched an exchange offer as part of their merger process\u00a0to establish a new creation and innovation company.\",\"breadcrumb\":{\"@id\":\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/theindustry.beauty\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DSM and Firmench launch exchange offer for merger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/theindustry.beauty\/#website\",\"url\":\"https:\/\/theindustry.beauty\/\",\"name\":\"TheIndustry.beauty\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/theindustry.beauty\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/theindustry.beauty\/#\/schema\/person\/51e852c318a89ff85ed5343f5417e668\",\"name\":\"Sophie Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/theindustry.beauty\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c7ad170e02ea73e9fde090ec8bd1fbbe?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c7ad170e02ea73e9fde090ec8bd1fbbe?s=96&d=mm&r=g\",\"caption\":\"Sophie Smith\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"DSM and Firmench launch exchange offer for merger - TheIndustry.beauty","description":"DSM and Firmenich have launched an exchange offer as part of their merger process\u00a0to establish a new creation and innovation company.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/","og_locale":"en_GB","og_type":"article","og_title":"DSM and Firmench launch exchange offer for merger - TheIndustry.beauty","og_description":"DSM and Firmenich have launched an exchange offer as part of their merger process\u00a0to establish a new creation and innovation company.","og_url":"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/","og_site_name":"TheIndustry.beauty","article_published_time":"2022-11-23T08:00:23+00:00","article_modified_time":"2022-11-23T16:15:58+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/theindustry.beauty\/wp-content\/uploads\/2022\/05\/firmenich-1.jpg","type":"image\/jpeg"}],"author":"Sophie Smith","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"Sophie Smith","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/","url":"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/","name":"DSM and Firmench launch exchange offer for merger - TheIndustry.beauty","isPartOf":{"@id":"https:\/\/theindustry.beauty\/#website"},"datePublished":"2022-11-23T08:00:23+00:00","dateModified":"2022-11-23T16:15:58+00:00","author":{"@id":"https:\/\/theindustry.beauty\/#\/schema\/person\/51e852c318a89ff85ed5343f5417e668"},"description":"DSM and Firmenich have launched an exchange offer as part of their merger process\u00a0to establish a new creation and innovation company.","breadcrumb":{"@id":"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/theindustry.beauty\/dsm-and-firmench-launch-exchange-offer-for-merger\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/theindustry.beauty\/"},{"@type":"ListItem","position":2,"name":"DSM and Firmench launch exchange offer for merger"}]},{"@type":"WebSite","@id":"https:\/\/theindustry.beauty\/#website","url":"https:\/\/theindustry.beauty\/","name":"TheIndustry.beauty","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/theindustry.beauty\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/theindustry.beauty\/#\/schema\/person\/51e852c318a89ff85ed5343f5417e668","name":"Sophie Smith","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/theindustry.beauty\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c7ad170e02ea73e9fde090ec8bd1fbbe?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7ad170e02ea73e9fde090ec8bd1fbbe?s=96&d=mm&r=g","caption":"Sophie Smith"}}]}},"modified_by":"Antony Hawman","_links":{"self":[{"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/posts\/213782"}],"collection":[{"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/users\/100"}],"replies":[{"embeddable":true,"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/comments?post=213782"}],"version-history":[{"count":13,"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/posts\/213782\/revisions"}],"predecessor-version":[{"id":213798,"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/posts\/213782\/revisions\/213798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/media\/204819"}],"wp:attachment":[{"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/media?parent=213782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/categories?post=213782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theindustry.beauty\/wp-json\/wp\/v2\/tags?post=213782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}