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
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