Turpaz (via Sunspray) Acquires 60% of Nicola-J
October 1, 2025
Turpaz Industries Ltd. signed an agreement to acquire 60% of the shares of South African flavor company Nicola-J through its subsidiary Sunspray for USD 6.8 million (ZAR 118.4 million). Completion is expected in the coming months, subject to regulatory approvals in South Africa, with a mutual option for Turpaz to purchase the remaining 40% based on business performance.
- Buyers
- Turpaz Industries Ltd., Sunspray
- Targets
- Nicola-J
- Platforms
- Sunspray
- Industry
- Consumer Products
- Location
- South Africa
- Transaction Type
- Buyout
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