NEWS 8 FEED & ADDITIVE MAGAZINE March 2026 dsm-firmenich, innovators in nutrition, health, and beauty, entered into an agreement with CVC, a leading global private markets manager, to divest its Animal Nutrition & Health (ANH) business for an enterprise value of about €2.2 billion, which includes an earnout of up to €0.5 billion. dsm-firmenich will retain a 20% equity stake in the divested ANH Companies, in partnership with CVC. This transaction follows the sale of the feed enzymes activities to Novonesis for €1.5 billion in 2025 and marks the final strategic step for dsm-firmenich to become a fully focused consumer company active in nutrition, health, and beauty. The total enterprise value of ANH, including the prior sale of the feed enzymes activities, represents €3.7 billion. The company intends to launch a new share repurchase program to buy back ordinary shares with an aggregate market value of €0.5 billion and reduce its issued capital. The program is planned to commence in Q1 2026. In addition, dsm-firmenich aims to deliver consistent and sustainable dividends to its shareholders. To achieve this, the company has adopted a ‘stable to preferably rising’ dividend policy, reflecting the company’s commitment to longterm value creation. Under this policy, dsm-firmenich aims to maintain a stable dividend of €2.50 per ordinary share and progressively increase dividends over time. Dimitri de Vreeze, CEO of dsm-firmenich, commented: “Since the creation of dsm-firmenich, we dsm-firmenich agrees to sell ANH unit to CVC Capital Partners Akralos Animal Nutrition, a new North American animal feed and nutrition company, officially launched February 1, 2026. Formed through a joint venture between global agriculture leaders ADM and Alltech, Akralos combines Alltech’s U.S.-based Hubbard Feeds and Canada-based Masterfeeds businesses with ADM’s U.S. feed operations. Operating an extensive network of more than 40 feed mills across North America and supported by more than 1,400 team members, Akralos aims to deliver reliable, high-quality feeds, minerals and supplements through its trusted brands, backed by advanced nutrition expertise, leading-edge science and personalized service. “Akralos brings together proven scale, innovation and infrastructure with a deep commitment to service and results,” said Akralos Chief Executive Officer Brian Gier, a leader with more than 30 years of experience in the commercial animal feed industry. “From day one, our focus is on delivering nutrition our customers can rely on, support they can count on and partnerships that help their animals and businesses thrive.” Akralos aims to support customers in achieving measurable performance outcomes by bringing together experienced teams, established products and shared operational values. The company works closely with customers to provide tailored solutions, consistent performance and actionable insights, supported by research and development capabilities, logistical infrastructure and connections across the agri-food value chain. Read more>> ADM and Alltech combine feed businesses under Akralos
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