dsm-firmenich to spin off its animal nutrition & health business.

dsm-firmenich, a nutrition, health, and beauty company, agreed to spin off its animal nutrition & health business. Financial terms were not disclosed. “Our purpose at dsm-firmenich is to bring Progress to Life, as we boost innovation in premium, high-growth and resilient segments. ANH is a fantastic business that over the years we have built to be a true leader in the industry. This is a difficult moment, but we strongly believe that a separation would be better for both businesses and their employees, and ultimately generate better value for all our stakeholders,” Dimitri de Vreeze, dsm-firmenich CEO.