Turpaz Industries

Specialized Products and Raw Materials for the Flavors and Fragrances Industry

Agriculture & Food Technologies

Public on TASE on May, 2021

Company Overview

Snapshot

Founded in January 2017, Turpaz Industries operates with 11–50 employees and has raised a total of $159 million across two funding rounds. The company went public on TASE in May 2021, marking a significant milestone in its growth trajectory.

Business overview

Turpaz Group is an Israeli company that specializes in the development, manufacturing, and supply of fragrances, flavors, and specialty ingredients. The company integrates operations across aroma chemicals, citrus processing, and intermediates production. It serves the food, beverage, cosmetics, and household product industries through its global subsidiaries, with a focus on sustainability and resource-efficient manufacturing. Turpaz Industries operates within the Agriculture & Food Technologies sector, specifically in Novel Food & Ingredients, and also in Industrial Technologies, focusing on Material Innovations & Applications.

Strategic signal

Turpaz Industries continues to aggressively pursue its global expansion strategy, evidenced by its acquisition of the US flavor and fragrance company Phoenix for $95 million in May 2026. This move, following a series of acquisitions since the beginning of 2024, signals a clear intent to strengthen its market position and diversify its product offerings, particularly in North America, and indicates robust inorganic growth for investors.

Company Intelligence Q&A

What were Turpaz Industries' financial results for the first quarter of 2026?: Turpaz Industries Ltd. announced record first-quarter 2026 results in May 2026, demonstrating strong performance.
What was Turpaz Industries' most recent acquisition?: In May 2026, Turpaz Industries acquired the U.S. flavor and fragrance company Phoenix for $95 million, scaling its global M&A strategy.
When did Turpaz Industries go public?: Turpaz Industries went public on the TASE in May 2021, raising $61 million in its Initial Public Offering.
What was Turpaz Industries' most recent public offering?: In August 2025, Turpaz successfully completed an equity offering, raising $98 million.
What was Turpaz Industries' sales performance in Q3 2024?: In November 2024, Turpaz Industries reported a 50.1% increase in sales in Q3 2024, reaching $48.7 million.

External links

Turpaz Industries — full profile (machine-readable)

Turpaz Group is an Israeli company that develops, manufactures, and supplies fragrances, flavors, and specialty ingredients. The company integrates operations across aroma chemicals, citrus processing, and intermediates production. The company serves the food, beverage, cosmetics, and household product industries through global subsidiaries and emphasizes sustainability and resource-efficient manufacturing. Turpaz Industries was founded after the merge of Turpaz Perfume and Flavor Extracts.

Facts
Name	Turpaz Industries
One-liner	Specialized Products and Raw Materials for the Flavors and Fragrances Industry
Type	Startup
Primary sector	Agriculture & Food Technologies
Founded	2017
Employees	11-50
Employees (exact)	42
HQ / location	Holon, Halahav Street 2, Holon, Israel, Center District
Product stage	Released
Website	https://www.turpaz.co.il/
LinkedIn	https://www.linkedin.com/company/78369286
IL Registrar	514574524

Facts

Name

Turpaz Industries

One-liner

Specialized Products and Raw Materials for the Flavors and Fragrances Industry

Type

Startup

Primary sector

Agriculture & Food Technologies

Founded

2017

Employees

11-50

Employees (exact)

HQ / location

Holon, Halahav Street 2, Holon, Israel, Center District

Product stage

Released

Website

https://www.turpaz.co.il/

https://www.linkedin.com/company/78369286

IL Registrar

514574524

Classification
Sectors	Agriculture & Food Technologies, Food Tech, Novel Food & Ingredients, Industrial Technologies, Material Innovations & Applications
Core technology	Materials & Substances, Raw Materials
Target customers	Healthcare & Life Sciences, Life Sciences, Cosmetics, Industrial Manufacturing, Hybrid Industries, Food & Beverages
Business models	B2B
Tags	materials, food-ingredients, foodtech

Classification

Sectors

Agriculture & Food Technologies, Food Tech, Novel Food & Ingredients, Industrial Technologies, Material Innovations & Applications

Core technology

Materials & Substances, Raw Materials

Target customers

Healthcare & Life Sciences, Life Sciences, Cosmetics, Industrial Manufacturing, Hybrid Industries, Food & Beverages

Business models

B2B

Date	Type	Amount
Sep 2024	mna	$28.4M
Sep 2022	mna	$24.3M
Oct 2025	mna	$6.8M
Oct 2022	mna	$3.35M
Nov 2024	mna	$11.5M
Mar 2024	mna	$47.7M
Mar 2022	mna	$4.97M
Jun 2019	mna	$4.1M
Jul 2020	mna	$639K
Jan 2020	mna	$600K
Feb 2025	mna	$8.5M
Feb 2024	mna	$14.14M
Dec 2017	mna	$7.4M
Aug 2020	mna	$2M
Aug 2019	mna	$1.1M
	mna	$9.5M

Date	Type	Amount	Detail
May 2021	exit	Undisclosed
Aug 2025	exit	Undisclosed

Name	Role	Founder
Karen Cohen Hazon	Chairperson & CEO
Eran Weisman	COO
Tamar Wolf	VP Business Development
Ari Rosenthal	VP Global Food Division
Shir Kesselman	VP Global Fragrance Division
Ariel Lavi	VP Legal and M&A

Date	Source	Summary
May 18, 2026	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), a global company that develops and manufactures thousands of flavor and fragrance extracts, intermediates...
May 18, 2026	finance.yahoo.com	TURPAZ INDUSTRIES LTD. ANNOUNCES RECORD FIRST QUARTER 2026 RESULTS
May 5, 2026	www.calcalistech.com	Bid follows $95 million U.S. acquisition as the Israeli flavors and fragrances group scales its global M&A strategy.
May 4, 2026	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), a global company that develops and manufactures flavor, fragrance and specialty fine ingredients and...
May 4, 2026	finance.yahoo.com	TURPAZ INDUSTRIES LTD. SCHEDULES FIRST QUARTER 2026 RESULTS RELEASE AND CONFERENCE CALL FOR MAY 18, 2026
May 4, 2026	finance.yahoo.com	SK Capital Partners Completes the Sale of Phoenix Flavors & Fragrances to Turpaz Industries
May 3, 2026	finance.yahoo.com	TURPAZ INDUSTRIES ACQUIRES U.S. FLAVOR AND FRAGRANCE COMPANY PHOENIX FOR $95 MILLION
May 3, 2026	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), a global company that develops and manufactures flavors and fragrance, intermediates and specialty fine...
Mar 11, 2026	finance.yahoo.com	TURPAZ INDUSTRIES LTD. ANNOUNCES FOURTH QUARTER & FULL YEAR 2025 RESULTS
Mar 11, 2026	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), a global company that develops and manufactures thousands of flavor and fragrance, intermediates and...
Mar 2, 2026	finance.yahoo.com	TURPAZ INDUSTRIES LTD. SCHEDULES FOURTH QUARTER & FULL YEAR 2025 RESULTS RELEASE AND CONFERENCE CALL FOR MARCH 11, 2026
Mar 2, 2026	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), a global company that develops and manufactures thousands of flavor and fragrance, intermediates and...
Nov 14, 2025	finance.yahoo.com	Ackerstein Group And 2 More Undiscovered Gems In The Middle East
Nov 13, 2025	finance.yahoo.com	Turpaz Industries (TASE:TRPZ): Evaluating Valuation After Strong Q3 Sales and Earnings Growth
Nov 12, 2025	finance.yahoo.com	Turpaz Industries breaks records with strong double-digit growth and global expansion via six acquisitions since the beginning of the year
Nov 12, 2025	www.prnewswire.com	Turpaz's sales jumped 57.4% in the third quarter of 2025 and 49% since the beginning of the year. The group's annual sales run rate now exceeds $300 million...
Oct 1, 2025	finance.yahoo.com	Sixth acquisition since the beginning of 2025 - Turpaz acquires Nicola-J and strengthens its position in the flavor sector in Africa
Oct 1, 2025	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), an international leader in the development, manufacture, marketing and sale of flavors, fragrances and...
Oct 1, 2025	www.calcalistech.com	Karen Cohen Khazon turned Turpaz, once a small fragrance factory in Holon, into a $1.5 billion company acquiring businesses worldwide. “We will cross the billion-dollar revenue mark.”
Aug 25, 2025	www.prnewswire.com	Turpaz Successfully Completes Equity Offering of USD 98 Million
Aug 25, 2025	www.prnewswire.com	/PRNewswire/ -- The Turpaz Industries group (TASE: TRPZ), a leading global company that develops, manufactures, markets, and sells fragrances, flavor...
Aug 19, 2025	www.prnewswire.com	Turpaz's sales grew by 44.3% in the first half of 2025, reaching a record $123.8 million, and in the second quarter grew by 35.6%, reaching a record $63.4...
Aug 19, 2025	finance.yahoo.com	Turpaz Industries Reports Record Results in the First Half and Second Quarter of 2025, with a Strong Growth Trend Intensifying in the Third Quarter, Expected to Lead to an Annual Sales Run Rate of 1 Billion NIS
Jul 18, 2025	finance.yahoo.com	Undiscovered Gems in Middle East Stocks to Watch July 2025
Jul 14, 2025	finance.yahoo.com	A strategic acquisition in the fragrance segment for Turpaz in Grasse, South of France - the world capital of the perfume industry
Jul 14, 2025	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), an international company that develops, manufactures, and markets flavors, fragrances, and specialty fine...
Jun 19, 2025	finance.yahoo.com	National General Insurance (P.J.S.C.) And 2 Other Undiscovered Gems In Middle East Markets
Jun 4, 2025	finance.yahoo.com	Strategic Move in Poland: Turpaz Acquires Carotex's Operations and Strengthens its Position in the Flavor and Fragrance Sector in Europe
May 21, 2025	finance.yahoo.com	The Turpaz group reports record results with high double-digit growth
May 20, 2025	finance.yahoo.com	3 Undiscovered Gems in Middle East with Promising Potential
Apr 21, 2025	finance.yahoo.com	Middle East Hidden Opportunities Featuring 3 Undiscovered Stock Gems
Mar 18, 2025	www.prnewswire.com	/PRNewswire/ -- The Turpaz Industries group (TASE: TRPZ), which develops, manufactures, markets and sells, directly and through its subsidiaries worldwide,...
Mar 18, 2025	finance.yahoo.com	Record Results for the Turpaz Group in 2024 - Double-digit growth in revenue, operating profit, adj. EBITDA and net profit
Feb 25, 2025	finance.yahoo.com	Turpaz continues to expand its operations in Europe and acquires its first sweet flavors company in Benelux - the Belgian company Doucy, for $8.5 million
Feb 25, 2025	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries (TASE: TRPZ), a company engaged in the development, production and marketing of flavor extracts and unique raw materials,...
Feb 20, 2025	www.prnewswire.com	/PRNewswire/ -- Turpaz Industries (TASE: TRPZ), which is engaged in the development, production and marketing of flavor extracts and unique raw materials,...
Feb 20, 2025	finance.yahoo.com	Turpaz consolidates its operations in the United Kingdom via two branches with unique expertise: the flavors sector for the food and beverage industry, and the flavors sector for vaping, through the AFS transaction
Nov 18, 2024	finance.yahoo.com	Turpaz shows an increase of 50.1% in sales in Q3 2024 which amounted to USD 48.7 million and 43.1% in the first nine months of 2024 which amounted to USD 134.5 million
Nov 12, 2024	finance.yahoo.com	Turpaz acquires German flavor company Schumann
Sep 3, 2024	www.prnewswire.com	Turpaz continues its acquisition strategy and makes a third strategic purchase since the beginning of 2024, in England
Aug 15, 2024	finance.yahoo.com	Turpaz Group's revenues increased by 53%, reaching record high of USD 46.8 million; adjusted EBITDA increased by 65%, reaching a record level of USD 9.9 million in the second quarter of 2024
May 20, 2024	finance.yahoo.com	Record results for Turpaz Industries group in revenues, gross profit and EBITDA in the first quarter of 2024
Apr 4, 2024	finance.yahoo.com	Turpaz Appoints Martin Stiegler as Chief Commercial Officer of Flavors Europe
Mar 28, 2024	finance.yahoo.com	Turpaz continues the integrated growth strategy and acquires the Belgian and German Clarys & Willich group. This is a second strategic purchase for Turpaz Industries since the beginning of 2024
Mar 20, 2024	finance.yahoo.com	Turpaz Industries concludes the year 2023 and the fourth quarter with record results in revenues, gross profit and adjusted EBITDA
Feb 26, 2024	finance.yahoo.com	Turpaz Industries Appoints Anna Corless as Global Procurement Manager
Feb 20, 2024	finance.yahoo.com	Turpaz Industries Appoints Joris Matthijs as Senior Flavorist
Feb 8, 2024	finance.yahoo.com	Turpaz Industries Appoints Pierre-Yves Cariou as Global Master Perfumer
Nov 20, 2023	finance.yahoo.com	Turpaz Industries reports record results in sales and cash flow from current operations in the third quarter and in the first nine months of the year
Jun 12, 2023	finance.yahoo.com	Ninth acquisition for Turpaz since the IPO
Jun 12, 2023	www.prnewswire.com	Ninth acquisition for Turpaz since the IPO
May 22, 2023	finance.yahoo.com	Turpaz group presents record results in revenue in gross profit and adjusted EBITDA for the first quarter of 2023
Mar 27, 2023	finance.yahoo.com	Turpaz Industries continues to show double-digit growth and record results in revenue, profit and cash flow in 2022
Nov 21, 2022	www.prnewswire.com	Turpaz group presents record results for the third quarter in sales, gross profit and operating profit
Oct 13, 2022	www.prnewswire.com	Turpaz signed an agreement to acquire control of Aromatique Food in Romania; continues to implement its growth strategy and expands its geographical presence in Europe in the field of savory flavor mixtures
Oct 12, 2022	www.prnewswire.com	Turpaz signed an agreement to acquire control of Aromatique Food in Romania; continues to implement its growth strategy and expands its geographical presence in Europe in the field of savory flavor mixtures
Sep 19, 2022	www.prnewswire.com	Turpaz has signed an agreement to acquire control in Klabin Fragrances for $24.3 million; implementing its growth strategy and strengthen its presence, position and activity in North America in the field of fragrance extracts
Sep 6, 2022	www.prnewswire.com	Turpaz reports record results in Q2/2022: sales grow by 50% to $30.3 million; Net profit increased by 32.7% to $4.2 million
Jan 23, 2022	www.jpost.com	Turpaz Industries: A peek behind the flavor and fragrance curtain

Turpaz Industries

Company Overview

Snapshot

Business overview

Strategic signal

Company Intelligence Q&A

External links

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