Tracked deals
4
4 tracked deals across 2024-2026.
Public Company
Manufacturing
Turpaz Industries
Holon, Israel
Established in 1970, Turpaz is a multinational flavor and fragrance house and fine ingredients company developing, producing, and marketing high-quality flavors, fragrances, and natural and synthetic fine ingredients for the food, beverage, functional food, flavor/fragrance, pharmaceutical/nutraceutical, and cosmetic industries.
- Focus Areas
- Flavors and fragrances, Fine ingredients, Food and beverage ingredient development
- Website
- turpaz.co.il
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
3 buyout · 1 addon
Turpaz Industries Acquisition Volume by Year
Last 3 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Turpaz Industries Ltd., Klabin-Turpaz, Inc.
- Target
- Phoenix Flavors & Fragrances Inc.
- Seller
- U.S. private equity fund (unnamed)
- Industry
- Food & Beverage
- Location
- New Jersey, United States
- Type
- Buyout
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.
-
October 1, 2025
- Buyer
- Turpaz Industries Ltd., Sunspray
- Target
- Nicola-J
- Industry
- Consumer Products
- Location
- South Africa
- Type
- Buyout
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.
-
February 27, 2025
- Buyer
- Turpaz Industries
- Target
- Doucy
- Industry
- Food & Beverage
- Location
- Namur, Belgium
- Type
- Buyout
Turpaz Industries has acquired Belgian sweet flavours manufacturer Doucy for $8.5 million, with an additional contingent payment tied to Doucy's EBITDA through March 2027. The deal includes Doucy's production facility in Fernelmont, Belgium (sales of $5 million in 2024); Turpaz said the acquisition strengthens its sweet-flavours portfolio and Western European presence and was financed with bank debt.
-
November 12, 2024
- Buyer
- Turpaz Industries Ltd.
- Target
- Schumann & Sohn GmbH
- Seller
- Sabine Schuman
- Industry
- Food & Beverage
- Location
- Baden-Württemberg, Germany
- Type
- Addon
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.
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