On May 28, the Swiss flavor and fragrance giant Firmenich International SA announced that it has completed the acquisition of Les Dérivés Résiniques et Terpéniques (DRT), a French pine chemicals producer.
Firmenich CEO Gilbert Ghostine said: "We are very pleased to complete this acquisition, which will provide a key advantage for the company's future development. By meeting the growing demand for sustainable products in daily fragrances and other fields, This acquisition further exemplifies our commitment to becoming the world's leading supplier of sustainable raw materials. "
The addition of DRT will further consolidate Firmenich ’s industry-leading daily flavors and raw materials business and provide customers with a world-leading combination of renewable and sustainable raw materials. DRT will also bring industry expertise in health and nutrition, cosmetics, and many new markets including adhesives, coatings, and agriculture. The acquisition strengthens Firmenich ’s position in the world ’s second largest market (France).
DRT was founded in 1932 and is headquartered in Dax, France, most of the time it was a family business. DRT focuses on the development of sustainable and renewable natural raw materials extracted from terpene and rosin derivatives, providing green alternatives for various applications and markets, and has formed a unique backward integrated business model for decades, including sustainable raw materials Procurement, first-class extraction and distillation capabilities, and advanced innovative processes.
DRT has a turnover of more than 550 million euros, has more than 1,500 employees worldwide, and has operations all over the world. It has four production bases in France, two in the United States, two in India, and one in China.
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