DSM completed the merger with Firmenich in a $20.7bn deal.

Royal DSM, a business conglomerate, completed the merger with Firmenich, a fragrance and flavor maker, in a $20.7bn. "The combination of DSM and Firmenich is transformational, and brings together two culturally aligned and iconic businesses, each with over 125 years' heritage of innovation. Our shared purpose and common values, combined with our highly complementary capabilities gives me confidence we can accelerate our growth further through innovation and new creations. I am confident that for all stakeholders of the future DSM-Firmenich business, the most exciting times are still to come," Patrick Firmenich, Firmenich Chairman.