Amsterdam-listed health and nutrition firm DSM-Firmenich AG (AMS:DSFIR) said that it has initiated a process to spinoff its pet care business to limit its exposure to volatility in the vitamins market. The global vitamins market has experienced a prolonged downturn which has been driven primarily by unprecedented pressure on prices in the animal segment. The separation of the animal nutrition and health (ANH) business will allow DSM-Firmenich to reduce its risk of future vitamin earnings volatility, it said.

The company believes that the full potential of the ANH business could be best realized through a different ownership structure. The move will also allow DSM-Firmenich to focus on its nutrition, health, and beauty operations. ?Fullfocus on these businesses is expected to enhance their commercial potential and synergies,?

the company said. The spin-off is expected to be carried out in the course of 2025. With about 6,000 employees, the ANH business generated revenue of EUR 3 billion (USD 3.2bn) last year.