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Firmenich Productions Participations SAS completed the acquisition of Les Derives Resiniques Et Terpeniques SA (DRT) from Ardian, Tikehau Capital, and founding families for €1.7 billion. DRT had revenues of approximately €540 million in 2019.
Firmenich announced it has entered into exclusivity to acquire Les Dérivés Résiniques et Terpéniques (DRT), a world leader in plant-based chemistry, from Ardian, Tikehau Capital and family shareholders.
Ardian has entered into exclusivity to acquire a controlling stake in Les Dérivés Résiniques et Terpéniques (DRT), valuing the company at approximately €1 billion (~$1.2 billion).