dsm-firmenich becomes largest shareholder in Mixfit Inc. to enter B2C personalized nutrition

Summary

• Royal dsm-firmenich has acquired an equity stake in personalized nutrition company Mixfit Inc.  
• Personalized Nutrition is one of dsm-firmenich's key pillars for future growth and differentiation 
• Combining dsm-firmenich’s safe, effective, and high-quality ingredients, customized solutions and Mixfit’s advanced machine learning technology means consumers can receive the nutrients they need at the time they need them 

Royal dsm-firmenich, a global science-based company active in health, nutrition and sustainable living, announces it has acquired an equity stake in personalized nutrition company Mixfit Inc. (Mixfit) and is now Mixfit’s largest shareholder with approximately 50% of shares. Financial details will not be disclosed at this time.  

Consumer demand for personalized nutrition is growing fast and there are very few companies who are able to deliver solutions from production to consumer (end-to-end solutions). Personalized Nutrition is one of dsm-firmenich's key pillars for future growth and differentiation. The investment will allow dsm-firmenich to become a leader in utilizing technologies from the Fourth Industrial Revolution (such as Artificial Intelligence (AI) and blockchain) to advise consumers on their personal health status and deliver personalized solutions at home.  

In May 2018, at Vitafoods Europe, Mixfit launched the prototype of its Intelligent Nutrition Assistant (Mina). Mina analyzes a person’s unique makeup, alongside their diet, lifestyle and health goals, to create and dispense delicious beverages containing a customized mix of dsm-firmenich’s Quali® Blends with vitamins and minerals throughout the day. Combining dsm-firmenich’s safe, effective, and high-quality ingredients, customized solutions and Mixfit’s advanced machine learning technology means consumers can receive the nutrients they need at the time they need them, from the convenience of their own home or office. Additionally, Mina provides users with proactive nutritional recommendations, helped by dsm-firmenich’s position as a trusted leader in scientific research on the role of micronutrients for specific health benefits. 

"This acquisition connects the complementary and unique expertise of both dsm-firmenich and Mixfit," says Jeremy Xu, President of dsm-firmenich Human Nutrition and Health. "We work to support consumers in achieving their nutrition goals and to support our mission to help keep the world’s growing population healthy. It is an important milestone in the execution of our personalized nutrition strategy to build a platform and extend it to the consumer”. 

“Personalization is the future of nutrition," says Reza Zanjani, Mixfit President & CEO. "We’re happy to expand into targeted, health-oriented boosters for specific health benefits with DSM as our largest shareholder.”