Turpaz Industries Acquires Phoenix Flavors & Fragrances
May 3, 2026
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.
- Targets
- Phoenix Flavors & Fragrances Inc.
- Sellers
- U.S. private equity fund (unnamed)
- Industry
- Food & Beverage
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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