# DSM and Firmenich to merge in cash and shares deal

Dutch specialty chemicals maker DSM will merge with Swiss peer Firmenich in a cash and shares deal. DSM shareholders will own 65.5% of the new company, and Firmenich owners will receive EUR 3.5 billion in cash. The merger is expected to be finalized in the first half of 2023.

- Type: Acquisition
- Announced: 2022-05-31
- Where: Kaiseraugst and Maastricht, Switzerland
- Value: $3.76B (3.50B EUR)
- Status: announced
- Products: food ingredients, beauty and well-being products, vitamins, supplements, baby formula, animal feed
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [DSM](https://endata.com/companies/25138.md)
- [Firmenich](https://endata.com/companies/4786.md) (target)
- [DSM](https://endata.com/companies/25138.md) (acquirer)

## Sources

- [cnbc.com](https://www.cnbc.com/2022/05/31/dutch-dsm-and-swiss-firmenich-join-forces-in-cash-and-shares-deal.html), 2022-05-31: "Dutch specialty chemicals maker DSM on Tuesday said it would merge with Swiss peer Firmenich in a deal involving shares and cash, to become a leading supplier of food ingredients and beauty and well-being products."
- [echemi.com](https://www.echemi.com/cms/694795.html), 2022-06-02: "DSM announced plans to merge with privately held Swiss firm Firmenich to form a new company called 'DSM-Firmenich'."
- [doi.org](https://doi.org/10.1021/cen-10020-leadcon), 2022-06-06: "The merger, to form DSM-Firmenich, will join two firms that have been independent European manufacturers for over a century."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.