Turpaz Industries Acquires Schumann & Sohn GmbH

November 12, 2024

Turpaz Industries Ltd. acquired 100% of German flavor company Schumann & Sohn GmbH for approximately €10.7 million, with the transaction completed on November 7, 2024 and financed through bank credit. The acquisition expands Turpaz's presence in sweet flavors in Western Europe, adds a Karlsruhe production and development site with 21 employees and ~€9 million in 2023 sales, and is expected to generate cross-selling and product-portfolio synergies.

Buyers
Turpaz Industries Ltd.
Targets
Schumann & Sohn GmbH
Sellers
Sabine Schuman
Industry
Food & Beverage
Location
Baden-Württemberg, Germany
Transaction Type
Addon

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.