Firmenich To Acquire DRT, Focuses on Renewable Ingredients

Firmenich has entered into an exclusive agreement with Ardian, Tikehau Capital, and family shareholders to acquire Les Derives Resiniques et Terpeniques, also known as DRT.

DRT is a world leader in plant-based chemistry, mainly from pine trees, and is one of the leading suppliers globally of high quality, renewable ingredients.

Firmenich says it is setting its sights on becoming a key player in renewable ingredients, for perfumery and beyond. 

Patrick Firmenich, Chairman of the Board, Firmenich, says, "I am thrilled to bring DRT's unique capabilities for developing sustainable ingredients to Firmenich. This proposed combination builds on our business partnership of more than 30 years and our established track record of successful co-development in a long-standing joint venture."

Gilbert Ghostine, CEO, Firmenich, comments, "DRT would further strengthen our leading Perfumery & Ingredients business enabling us to offer our customers the world's best palette of renewable and sustainable ingredients."

Ghostine adds, "DRT would bring new capabilities in health & nutrition, cosmetics, as well as a number of new markets, including adhesives, coatings and agriculture. This acquisition reinforces our presence in France, which is our second largest market where we have been established for more than 120 years. I look forward to partnering with all our customers to support their transformation for a sustainable future."

Photo via DRT