Sector News

Firmenich to acquire ingredients supplier DRT from Ardian

March 10, 2020
Food & Drink

Firmenich has agreed to acquire France-headquartered ingredients supplier Les Dérivés Résiniques et Terpéniques (DRT) from private equity firm Ardian.

Headquartered in Dax, France, DRT develops a range of plant-based and naturally-derived ingredients from terpenes and rosin derivatives – such as wood rosin resins – which can be used as texturisers in beverages, chewing gum and personal care products.

DRT operates nine production facilities worldwide – four in France, two in the US, two in India and one in China – and the company registered a turnover of €550 million in its most recent annual results.

DRT’s ingredients are mainly sourced from pine trees, and Firmenich states that the acquisition will significantly enhance its portfolio of ‘renewable’ ingredients.

Patrick Firmenich, chairman of the board at Firmenich said: “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.

“We thank Ardian and Tikehau Capital for their strong stewardship and we are delighted to welcome all DRT colleagues to Firmenich. We share the same passion for our customers, sustainability, as well as strong family values.”

Laurent Labatut, CEO of DRT, added: “We share a long-standing relationship with Firmenich as it is one of our main partners.

“Firmenich is renowned for its cutting-edge research that feeds into the broadest and finest ingredients palette. Our joint innovation capabilities would open up new opportunities to support our clients across our entire product portfolio.

“Together we look forward to opening a new chapter with a shared ambition to design best-in-class sustainable ingredients for our customers.”

By Martin White

Source: FoodBev

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.