Firmenich SA is a private Swiss company in the fragrance and flavor business. It is the largest privately owned company in the field and ranks number two worldwide. Firmenich has created perfumes for over 125 years and produced a number of well-known flavors.
|Industry||Flavors, fragrances, ingredients|
|Gilbert Ghostine (CEO), Patrick Firmenich (Chairman)|
|Revenue||CHF 4.3 billion (Fiscal Year 2021)|
Number of employees
The company was founded as Chuit & Naef in 1895 in Geneva by chemist Philippe Chuit and businessman Martin Naef. Fred Firmenich joined in 1900 and later became the majority partner. The company was renamed Firmenich SA.
Originally a fragrance company, Firmenich branched into the flavor business by creating a raspberry substitute in 1938, followed by creations of citrus and strawberry flavor. Other synthetic flavors followed for use in processed foods and preserved foods.
In 1939, Firmenich Director of Research and Development Lavoslav Ružička was awarded the Nobel Prize in Chemistry "for his work on polymethylenes and higher terpenes," "including the first chemical synthesis of male sex hormones."
On May 3, 2007, Firmenich announced that it would be acquiring the flavors' division of Danisco, Noville, in a deal worth €450 million. The deal was expected to move Firmenich ahead of IFF as the second-largest flavor company in the world.
Firmenich's board named Gilbert Ghostine as CEO to succeed Patrick Firmenich, effective October 1, 2014. Patrick Firmenich was elected as chairman of Firmenich's Board of Directors as of October 12, 2016.
On July 11, 2017, Firmenich completed the acquisition of Agilex Fragrances, expanding its ability to serve mid-sized customers in North America.
On December 13, 2017, Firmenich announced the acquisition of Flavourome, an established privately held flavors company in South Africa, to expand its presence in Africa. On February 5, 2018, Firmenich confirmed the successful completion of the acquisition.
In August 2018, Firmenich acquired Campus, an innovator in the application of "natural functional ingredients for protein application", which specializes "in clean label, meat, dairy, sauces and plant-based food". The research and production facilities of Campus are located in Italy and Monterrey, Mexico.
At some point, Firmenich acquired Natural Flavors, a manufacturer of flavors for the food and beverage industry.
In June 2020, Firmenich acquired Les Dérivés Résiniques et Terpéniques ("DRT"), a world leader in plant-based chemistry, mainly from pine trees, and one of the leading suppliers globally of high quality, renewable ingredients.
In October 2020, Firmenich announced that it had created a flavour by means of artificial intelligence. It teamed with Microsoft who helped leverage "the entirety of Firmenich’s broad raw material database" to dissimulate "a lightly grilled beef taste" into its plant-based meat alternatives. Firmenich's "unique palette of ingredients" and "SmartProteins expertise in plant-based protein alternatives" were instrumental in the innovation process.
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- Heller, Lorraine (July 3, 2007). "Danisco completes flavours sale to Firmenich". Food Navigator. William Reed Business Media. Retrieved April 12, 2015.
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- "Firmenich Names New CEO Gilbert Ghostine, Effective Oct. 1". perfumerflavorist.com. 19 August 2014. Retrieved February 16, 2015.
- "Firmenich Appoints New Chairman, Board Members". wwd.com. 12 October 2016. Retrieved October 12, 2016.
- "Firmenich to Acquire Agilex Fragrances". perfumerflavorist.com. 16 June 2017. Retrieved June 16, 2017.
- "Firmenich Acquires Flavourome". firmenich.com. Retrieved December 13, 2017.
- "Firmenich Acquires Flavourome". perfumerflavorist.com. 13 December 2017. Retrieved December 13, 2017.
- "Firmenich Acquires Campus". firmenich.com. 7 August 2018. Retrieved August 7, 2018.
- "Firmenich Acquires Flavourome". firmenich.com. Retrieved September 17, 2018.
- "Firmenich to Acquire DRT from Ardian". Firmenich. Retrieved 2021-11-15.
- "Firmenich Announces AI-Created Flavor". Allured Business Media. Perfumer & Flavorist. 2 October 2020.
- "About EFFA". EFFA. Retrieved 3 March 2018.
- "Firmenich, Givaudan, IFF, Symrise Launch Fragrance Council". Allured Business Media. Perfumer & Flavorist. 16 March 2021.