T. Hasegawa USA, Inc. Acquires Abelei Flavors, Inc.

KKR to Acquire Ci FLAVORS From L Catterton and Other Shareholders

August 25, 2026

Consumer Products

KKR has agreed to acquire Japan-based beauty and lifestyle platform Ci FLAVORS from all existing shareholders, including founder Yusaku Horiuchi, L Catterton, eBeauty Group, and Yanagi Capital Partners. The deal is intended to accelerate Ci FLAVORS’ expansion in Japan and internationally, with support from KKR’s consumer-sector network and operational resources.

FlavorSum Acquires Beverage Flavors International

June 10, 2026

Food & Beverage

FlavorSum, a North American flavor producer backed by Warburg Pincus, acquired Beverage Flavors International (BFI) to expand its beverage systems capabilities. The acquisition follows FlavorSum’s strategy to streamline flavor sourcing and provide more end-to-end resources for food and beverage customers, with BFI continuing operations at its Chicago facility after the close.

Turpaz Industries Acquires Phoenix Flavors & Fragrances

May 3, 2026

Food & Beverage

Turpaz Industries Ltd. (via its wholly-owned U.S. subsidiary Klabin-Turpaz, Inc.) acquired 100% of Phoenix Flavors & Fragrances Inc. for $95 million, plus up to $5 million in contingent consideration. The acquisition creates a full-scale U.S. operational platform by integrating Phoenix with Turpaz’s existing U.S. Klabin operations and is expected to drive synergies through consolidated production and cross-selling.

Axxence Corporation Acquires Purely Natural

April 23, 2025

Food & Beverage

Axxence Corporation has acquired Purely Natural, a Florida-based supplier of natural flavor ingredients, taking ownership of the company's shares, operations, intellectual property and customer relationships. The deal supports Axxence's U.S. expansion and strengthens its commercial capabilities, with Purely Natural's president and CEO Bob Kleinhenz joining Axxence as commercial executive vice president.

Brookside Flavors & Ingredients Acquires Flavor Advantage

August 1, 2022

Food & Beverage

Brookside Flavors & Ingredients LLC (BFI) has acquired the assets of Flavor Advantage, LLC, a Naples, Florida-based flavor house. Founder Tom Motz will remain with the business, and BFI said the acquisition will expand its sweet-flavor capabilities and customer relationships to accelerate growth using BFI's resources.

Phoenix Flavors and Fragrances Acquires Innovative Fragrances Inc.

April 18, 2022

Consumer Products

Phoenix Flavors and Fragrances has acquired Innovative Fragrances Inc., an Atlanta-area developer and compounder of fragrance compounds serving home fragrance, personal care, candles and air freshener markets. The deal expands Phoenix's geographic footprint in the Southeast United States and strengthens its perfumery, regulatory and technical capabilities.