Turpaz Industries Acquires Belgian Flavours Manufacturer Doucy

Turpaz Industries Acquires Schumann & Sohn GmbH

November 12, 2024

Food & Beverage

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.

Turpaz Industries Acquires Flavors and Essences UK (F&E) from IFF for £22M

September 3, 2024

Food & Beverage

Turpaz Industries Ltd. acquired 100% of Flavors and Essences UK Limited (F&E) from IFF for £22 million, expanding Turpaz's presence in the UK and Europe. F&E, founded in 1998, employs about 50 people and reported £6.6 million revenue in the first half of 2024; Turpaz said the acquisition strengthens its European footprint and cross-selling capabilities.

NovaTaste Acquires McClancy Foods & Flavors

December 10, 2024

Food & Beverage

NovaTaste, a global taste-innovation company headquartered in Austria, has acquired McClancy Foods & Flavors from Dallas-based private equity firm CIC Partners. McClancy will continue to operate under its brand with the existing leadership team (including CEO Stephen Andresen) remaining in place and retaining significant ownership, while gaining access to NovaTaste's international innovation capabilities and distribution network.

Champlain Financial Corporation-led Group Acquires Boulangerie Dumas

June 4, 2020

Food & Beverage

A group of Quebec investors led by Champlain Financial Corporation acquired Boulangerie-Pâtisserie Dumas, a Quebec City-based producer of puff pastries, croissants and vol‑au‑vents. Champlain will support the company’s product development and distribution expansion across Canada and into the United States; Marc Poulin joined as Executive Chairman. Financial terms were not disclosed.

Solina Acquires Food Compounds B.V.

October 6, 2021

Food & Beverage

French savoury-ingredients group Solina (majority-owned by PE firm Astorg) has completed the acquisition of Food Compounds B.V., a Netherlands-based specialist in powder-based premixes and coating systems for potato processors. The deal strengthens Solina's coating expertise and R&D capabilities as part of its ongoing expansion strategy; financial terms were not disclosed.

Prodalim Acquires René Laurent from IFF

December 1, 2025

Food & Beverage

Prodalim, a global juice and specialty ingredients company based in Rotterdam, has acquired René Laurent, a century-old beverage flavours specialist based in the Grasse area of France, from International Flavours & Fragrances Inc. (IFF). The deal brings René Laurent into Prodalim's Beverage Compounds business unit to strengthen its flavour capabilities, in-house distillation and extraction expertise, and broaden its beverage solutions offering.