Brussels, 23 February 2023
The European Commission has approved, under the EU Merger Regulation, the merger of Firmenich International SA (‘Firmenich’) of Switzerland and Koninklijke DSM N.V. (‘DSM’) of the Netherlands.
Firmenich is active in the production and supply of fragrances, flavours, aroma chemicals, systems for food applications and pine-derived products. DSM is active mainly in the production of aroma chemicals, flavours, savoury ingredients, cultures, carotenoids, and vitamins.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the limited horizontal overlaps between the companies’ activities and their limited ability and incentive to limit competitors’ access to supplies or markets. Moreover, the companies would not have the ability or incentive to engage in foreclosure practices. The transaction was examined under the normal merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.10841.
Source – EU Commission