Flavor and fragrance firm Firmenich International SA has completed its acquisition of Les Dérivés Résiniques et Terpéniques.
DRT is a world leader in the development and supply of high quality, renewable and naturally-derived ingredients. This acquisition will see Firmenich become a key player in renewable ingredients for perfumery and beyond. Founded in 1932 and headquartered in Dax, France, DRT developed a unique, backward integrated business model over many decades, including access to sustainable raw materials, best-in-class extraction and distillation capabilities and advanced innovation processes.
DRT will further strengthen Firmenich's already leading perfumery and ingredients business, enabling the company to offer its customers the world's best selection of renewable and sustainable ingredients. DRT will also bring new capabilities in health and nutrition, cosmetics, as well as a number of new markets, including adhesives, coatings and agriculture. The acquisition reinforces Firmenich's presence in France, its second largest market.
DRT has a turnover in excess of €550 million, employs more than 1,500 people around the world and operates through a global footprint with four production sites located in France, two in the USA, two in India and one in China.