TAGS: Natural/ Organic
Perfumes & Fragrances
Firmenich has completed the acquisition of Resin and Terpene Derivatives (“DRT”). DRT is one of the world leaders in the production of renewable ingredients with high added value from plant chemistry, mainly from pine derivatives.
DRT Brings New Skills to Firmenich
With the acquisition, DRT will further strengthen Firmenich’s perfumery and ingredients business, enabling the company to offer its customers the best selection of renewable and sustainable ingredients. DRT will also bring new capabilities in health and nutrition, cosmetics, as well as many new markets, including adhesives, coatings and agriculture. The acquisition reinforces Firmenich’s presence in France, its second-largest market.
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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,” said Gilbert Ghostine, CEO, Firmenich.
DRT: Four Production Sites Worldwide
DRT has a turnover above 550 million euro and operates through a global footprint with four production sites located in France, two in the USA, two in India and one in China.
Firmenich announced that it had entered into exclusivity with Ardian, Tikehau Capital and family shareholders to acquire the company on 6
th March 2020. Consultation with the relevant employee representatives and the required customary approvals by the antitrust authorities have been obtained since then, and the acquisition has now been closed.
Source: Firmenich