Turpaz Industries Overview
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.
Latest News
growth-positive
Sixth acquisition since the beginning of 2025 - Turpaz acquires Nicola-J and strengthens its position in the flavor sector in Africa
Turpaz Industries Ltd., a leader in flavors and fragrances, has announced the acquisition of 60% of the South African flavor company Nicola-J for USD 6.8 million. The acquisition, through its subsidiary Sunspray, is part of Turpazs strategic expansion in Africa, particularly in South Africa. Nicola-J, founded in 1997, specializes in sweet and savory flavors and serves several African countries. The acquisition will enhance Turpazs product portfolio and customer base, leveraging Nicola-Js expertise and facilities. The founders and current CEO of Nicola-J will continue to lead the company, ensuring continuity and growth. This move aligns with Turpazs strategy to strengthen its global presence and expand operations in Africa.
AcquisitionCustomersPartners
growth-positive
/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), an international leader in the development, manufacture, marketing and sale of flavors, fragrances and...
Turpaz Industries Ltd., a leader in flavors and fragrances, announced its acquisition of a 60% stake in South African flavor company Nicola-J for $6.8 million. This strategic move aims to strengthen Turpazs presence in Africa, leveraging Nicola-Js expertise in sweet and savory flavors. Nicola-Js founders and CEO will continue to lead the company, ensuring continuity and growth. The acquisition is expected to enhance Turpazs product portfolio and customer base, particularly in South Africa and neighboring countries. The transaction will be financed internally and is subject to regulatory approvals. This expansion aligns with Turpazs strategy to increase its global footprint and capitalize on the growing demand in the African flavor market.
Acquisition
growth-positive
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.”
Turpaz Industries, under the leadership of Karen Cohen Khazon, has grown from a small fragrance factory into a global player with a valuation of $1.58 billion. The company has aggressively pursued acquisitions, acquiring 25 companies since 2018, including five this year. Despite political challenges, such as divestment by Norway’s sovereign wealth fund due to the war in Gaza, Turpaz remains focused on growth. The company plans to continue its acquisition strategy to expand its product portfolio and geographic reach. Turpaz is included in the Tel Aviv-125 index and aims to surpass the billion-dollar revenue mark. The company is not currently considering an exit strategy.
AcquisitionPublic TradingCustomers
growth-positive
Turpaz Successfully Completes Equity Offering of USD 98 Million
Turpaz Industries announced the successful completion of an equity offering, raising approximately USD 98 million. The offering was well-received by leading institutional investors and is intended to support the companys growth strategy, which includes organic growth and mergers and acquisitions. Turpaz has reported record financial results for the first half and second quarter of 2025, with significant growth across all key metrics. The company has completed five strategic acquisitions this year, expanding its geographical presence and product portfolio. Turpaz operates in over 90 countries, serving more than 4,000 customers with a diverse range of solutions for various industries.
InvestmentAcquisition
growth-positive
/PRNewswire/ -- The Turpaz Industries group (TASE: TRPZ), a leading global company that develops, manufactures, markets, and sells fragrances, flavor...
Turpaz Industries, a global leader in fragrances and flavor solutions, successfully completed an equity offering of approximately USD 98 million. The offering, priced at USD 13.8 per share, attracted strong demand from leading institutional investors and aims to support Turpazs growth strategy, which includes organic growth and mergers and acquisitions. The company reported record financial results for the first half and second quarter of 2025, with significant growth across all key metrics. Turpaz has completed five strategic acquisitions in the UK, Belgium, Poland, France, and India, enhancing its geographical presence and product portfolio. Turpaz operates in over 90 countries, serving more than 4,000 customers with a diverse range of solutions.
InvestmentAcquisitionCustomers
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | $159M |
| Last funding | $98M |
| Stage | Public |
| Rounds | 2 |
| Investors | 0 |
Team Members
6
Employees: 11-50
Web & Social Links
| Website | www.turpaz.co.il/ |
Locations
Halahav Street 2, Holon, Israel
Photos & Videos
No files yet
Turpaz Industries Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Agriculture & Food TechnologiesFood TechNovel Food & IngredientsIndustrial TechnologiesMaterial Innovations & ApplicationsHealth Tech & Life SciencesPharma & Medical BiotechnologyCosmetic MaterialsTarget Customer
Healthcare & Life SciencesLife SciencesCosmeticsIndustrial ManufacturingHybrid IndustriesFood & BeveragesCore Technology
Materials & SubstancesRaw MaterialsTags (5)
cosmeticspharmaceuticalsfoodtechmaterialsfood-ingredientsGeographic Markets
EuropeNorth AmericaSoutheast AsiaTurpaz Industries Financials
$159M
Total funding
—
Capital raised
$98M
Last funding
Public
Funding stage
2
Total rounds
0
Investors
Public Offering / Exit
POEvent
Aug 2025
Undisclosed
POEvent
May 2021
Undisclosed
Mergers & Acquisitions
MNAEvent
Oct 2025
$6.8M
MNAEvent
Feb 2025
$8.5M
MNAEvent
Nov 2024
$11.5M
MNAEvent
Sep 2024
$28.4M
MNAEvent
Mar 2024
$47.7M
MNAEvent
Feb 2024
$14.14M
MNAEvent
Oct 2022
$3.35M
MNAEvent
Sep 2022
$24.3M
MNAEvent
Mar 2022
$4.97M
MNAEvent
Aug 2020
$2M
MNAEvent
Jul 2020
$639K
MNAEvent
Jan 2020
$600K
MNAEvent
Aug 2019
$1.1M
MNAEvent
Jun 2019
$4.1M
MNAEvent
Dec 2017
$7.4M
MNAEvent
$9.5M
Turpaz Industries Lifecycle
All Events
POEvent
Aug 2025
Undisclosed
POEvent
May 2021
Undisclosed
MNAEvent
Oct 2025
$6.8M
MNAEvent
Feb 2025
$8.5M
MNAEvent
Nov 2024
$11.5M
MNAEvent
Sep 2024
$28.4M
MNAEvent
Mar 2024
$47.7M
MNAEvent
Feb 2024
$14.14M
MNAEvent
Oct 2022
$3.35M
MNAEvent
Sep 2022
$24.3M
MNAEvent
Mar 2022
$4.97M
MNAEvent
Aug 2020
$2M
MNAEvent
Jul 2020
$639K
MNAEvent
Jan 2020
$600K
MNAEvent
Aug 2019
$1.1M
MNAEvent
Jun 2019
$4.1M
MNAEvent
Dec 2017
$7.4M
MNAEvent
$9.5M
Turpaz Industries News
43 articles
growth-positive
Sixth acquisition since the beginning of 2025 - Turpaz acquires Nicola-J and strengthens its position in the flavor sector in Africa
Turpaz Industries Ltd., a leader in flavors and fragrances, has announced the acquisition of 60% of the South African flavor company Nicola-J for USD 6.8 million. The acquisition, through its subsidiary Sunspray, is part of Turpazs strategic expansion in Africa, particularly in South Africa. Nicola-J, founded in 1997, specializes in sweet and savory flavors and serves several African countries. The acquisition will enhance Turpazs product portfolio and customer base, leveraging Nicola-Js expertise and facilities. The founders and current CEO of Nicola-J will continue to lead the company, ensuring continuity and growth. This move aligns with Turpazs strategy to strengthen its global presence and expand operations in Africa.
AcquisitionCustomersPartners
growth-positive
/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), an international leader in the development, manufacture, marketing and sale of flavors, fragrances and...
Turpaz Industries Ltd., a leader in flavors and fragrances, announced its acquisition of a 60% stake in South African flavor company Nicola-J for $6.8 million. This strategic move aims to strengthen Turpazs presence in Africa, leveraging Nicola-Js expertise in sweet and savory flavors. Nicola-Js founders and CEO will continue to lead the company, ensuring continuity and growth. The acquisition is expected to enhance Turpazs product portfolio and customer base, particularly in South Africa and neighboring countries. The transaction will be financed internally and is subject to regulatory approvals. This expansion aligns with Turpazs strategy to increase its global footprint and capitalize on the growing demand in the African flavor market.
Acquisition
growth-positive
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.”
Turpaz Industries, under the leadership of Karen Cohen Khazon, has grown from a small fragrance factory into a global player with a valuation of $1.58 billion. The company has aggressively pursued acquisitions, acquiring 25 companies since 2018, including five this year. Despite political challenges, such as divestment by Norway’s sovereign wealth fund due to the war in Gaza, Turpaz remains focused on growth. The company plans to continue its acquisition strategy to expand its product portfolio and geographic reach. Turpaz is included in the Tel Aviv-125 index and aims to surpass the billion-dollar revenue mark. The company is not currently considering an exit strategy.
AcquisitionPublic TradingCustomers
growth-positive
Turpaz Successfully Completes Equity Offering of USD 98 Million
Turpaz Industries announced the successful completion of an equity offering, raising approximately USD 98 million. The offering was well-received by leading institutional investors and is intended to support the companys growth strategy, which includes organic growth and mergers and acquisitions. Turpaz has reported record financial results for the first half and second quarter of 2025, with significant growth across all key metrics. The company has completed five strategic acquisitions this year, expanding its geographical presence and product portfolio. Turpaz operates in over 90 countries, serving more than 4,000 customers with a diverse range of solutions for various industries.
InvestmentAcquisition
growth-positive
/PRNewswire/ -- The Turpaz Industries group (TASE: TRPZ), a leading global company that develops, manufactures, markets, and sells fragrances, flavor...
Turpaz Industries, a global leader in fragrances and flavor solutions, successfully completed an equity offering of approximately USD 98 million. The offering, priced at USD 13.8 per share, attracted strong demand from leading institutional investors and aims to support Turpazs growth strategy, which includes organic growth and mergers and acquisitions. The company reported record financial results for the first half and second quarter of 2025, with significant growth across all key metrics. Turpaz has completed five strategic acquisitions in the UK, Belgium, Poland, France, and India, enhancing its geographical presence and product portfolio. Turpaz operates in over 90 countries, serving more than 4,000 customers with a diverse range of solutions.
InvestmentAcquisitionCustomers
growth-positive
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...
Turpaz Industries reported significant growth in the first half and second quarter of 2025, driven by both organic growth and strategic acquisitions. Sales increased by 44.3% in the first half, reaching $123.8 million, while operating profit grew by 72.1%. The company completed five M&A transactions in the UK, Belgium, Poland, France, and India, enhancing its geographical presence and product portfolio. Turpazs strategy of combining organic growth with mergers and acquisitions has resulted in record financial metrics across all segments. The company operates in over 90 countries, with a diverse customer base and a strong production footprint.
AcquisitionCustomers
growth-positive
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
Turpaz Industries reported significant growth in the first half and second quarter of 2025, with sales increasing by 44.3% to $123.8 million and operating profit rising by 72.1% to $19.6 million. The companys strategy of combining organic growth with mergers and acquisitions has led to record results across all operational and financial metrics. Turpaz completed five M&A transactions in the UK, Belgium, Poland, France, and India, enhancing its geographical presence and product portfolio. The CEO, Karen Cohen Khazon, highlighted the success of the growth strategy, expecting the annual sales run rate to reach 1 billion NIS.
Acquisition
growth-negative
Undiscovered Gems in Middle East Stocks to Watch July 2025
Anadolu Anonim Türk Sigorta Sirketi, a key player in Turkeys non-life insurance sector, has shown significant earnings growth of 65% annually over the past five years. Despite trading below its estimated fair value, the company remains debt-free with high-quality earnings and positive free cash flow. However, recent financial performance has been less favorable, with a decrease in net income for Q1 2025 to TRY 1,977 million from TRY 2,867 million the previous year. Basic earnings per share also declined to TRY 3.95 from TRY 5.73. While the company has not outpaced industry growth rates recently, it still holds potential for future value realization.
growth-positive
A strategic acquisition in the fragrance segment for Turpaz in Grasse, South of France - the world capital of the perfume industry
Turpaz Industries Ltd. has acquired a controlling stake of 68.6% in the French fragrance company Attractive Scent SAS for EUR 27.4 million (USD 32.3 million). This acquisition, financed through long-term bank funding, is part of Turpazs strategy to expand its fragrance operations and strengthen its position in the global luxury perfumery market. Attractive Scent, founded in 2018 in Grasse, France, develops and markets fragrance extracts for various industries. The acquisition will enable Turpaz to leverage synergies and expand its geographic presence, further solidifying its position as a global leader in the fragrance industry.
Acquisition
growth-positive
/PRNewswire/ -- Turpaz Industries Ltd. (TASE: TRPZ), an international company that develops, manufactures, and markets flavors, fragrances, and specialty fine...
Turpaz Industries Ltd., an international company specializing in flavors and fragrances, has acquired a controlling 68.6% stake in the French fragrance company Attractive Scent SAS for EUR 27.4 million (USD 32.3 million). This acquisition, financed through long-term bank funding, is part of Turpazs strategy to expand its fragrance operations and global footprint. Attractive Scent, based in Grasse, France, develops and markets fragrance extracts and has a diverse customer base across multiple continents. The acquisition will enable Turpaz to strengthen its presence in the global luxury perfumery market and leverage synergies between the two companies. The founders of Attractive Scent will continue to lead the company and join Turpazs management team.
Acquisition
growth-positive
National General Insurance (P.J.S.C.) And 2 Other Undiscovered Gems In Middle East Markets
National General Insurance (P.J.S.C.), operating in the UAE, has demonstrated strong financial health with no debt and a competitive price-to-earnings ratio. The company reported a significant earnings increase of 31.6% over the past year, surpassing the industry average. Recent Q1 2025 earnings showed a net income rise to AED 35.58 million, with basic EPS increasing to AED 0.22. Despite recent share price volatility, NGIs high-quality non-cash earnings are notable. The article highlights NGIs robust performance amidst regional market tensions, positioning it as a promising investment opportunity in the Middle East.
growth-positive
Strategic Move in Poland: Turpaz Acquires Carotex's Operations and Strengthens its Position in the Flavor and Fragrance Sector in Europe
Turpaz Industries Ltd. has acquired the operations of Carotex, a Polish company specializing in flavors and fragrances, for USD 23.4 million. This acquisition is part of Turpazs strategic expansion in the European market, particularly in the flavors and fragrances sector. Carotexs operations will complement those of Turpazs Polish subsidiary, Pollena Aroma, enhancing the companys product portfolio and customer base. The founders of Carotex will join Pollenas management team, bringing their expertise to the merged operations. This acquisition is expected to create synergies, operational efficiencies, and greater value for Turpazs customers and shareholders.
Acquisition
growth-positive
The Turpaz group reports record results with high double-digit growth
Turpaz Industries has reported record results for the first quarter of 2025, showcasing a significant growth strategy that combines organic growth with mergers and acquisitions. The company achieved record revenues of $60.4 million, marking a 54.7% increase compared to the previous year, driven by organic growth and strategic acquisitions in the UK and Belgium. The companys adjusted EBITDA increased by 62.7%, and net profit grew by 63.6%. Turpazs strong financial performance is supported by a robust balance sheet and cash flow, allowing it to continue its growth strategy effectively.
Acquisition
growth-positive
3 Undiscovered Gems in Middle East with Promising Potential
The article highlights the recent activity in Middle Eastern stock markets, with a focus on Anadolu Anonim Türk Sigorta Sirketi, a Turkish non-life insurance provider. The company has shown promising growth potential, with earnings increasing by 65% annually over the past five years. Despite a recent decline in net income and basic earnings per share, Anadolu Sigorta remains debt-free and maintains positive free cash flow, indicating strong operational efficiency and financial health. The companys revenue is primarily generated from its Motor Vehicles and Disease/Health insurance segments, with significant contributions from Motor Vehicles Liability and Fire and Natural Disasters insurance.
growth-positive
Middle East Hidden Opportunities Featuring 3 Undiscovered Stock Gems
Anadolu Hayat Emeklilik Anonim Sirketi, a key player in Turkeys insurance sector, is experiencing robust growth. The company has demonstrated strong financial health, with a significant annual earnings growth of 50.3% over the past five years. Despite recent growth trailing the broader insurance industry, Anadolu Hayat Emeklilik remains debt-free and benefits from positive free cash flow. The company has announced dividends of TRY 5.81 per share, reflecting its commitment to shareholder returns. With a market capitalization of TRY37.93 billion, the company primarily generates revenue from its life insurance and retirement services. Its price-to-earnings ratio of 8.8x is notably lower than the market average, indicating potential undervaluation.
/PRNewswire/ -- The Turpaz Industries group (TASE: TRPZ), which develops, manufactures, markets and sells, directly and through its subsidiaries worldwide,...
growth-positive
Record Results for the Turpaz Group in 2024 - Double-digit growth in revenue, operating profit, adj. EBITDA and net profit
Turpaz Industries reported significant financial growth for 2024, with a 65% increase in fourth-quarter sales to $55 million and a 66.7% rise in adjusted EBITDA. The companys core activities in the Taste and Fragrances segments saw double-digit growth, contributing to a 48.4% increase in annual sales to $188.9 million. Turpaz completed six acquisitions in 2024, expanding its global presence in the UK, Germany, Belgium, and South Africa. The company aims to continue its global expansion and maintain strong cash flow, with a vision to become a leading player in the flavor and fragrance industry.
Acquisition
growth-positive
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
Turpaz Industries has acquired Doucy, a Belgian sweet flavors manufacturer, for $8.5 million, with an additional payment contingent on Doucys EBITDA performance by March 2027. This acquisition is part of Turpazs strategy to expand its operations in Western Europe and the sweet-flavors sector. The transaction includes the acquisition of Doucys real estate and is expected to contribute positively to Turpazs financial results. Doucy, founded in 1968, is known for its expertise in sweet flavors for food and beverages, as well as colors and additives for animal feed. The acquisition will enhance Turpazs product portfolio and strengthen its presence in the Benelux region.
Acquisition
growth-positive
/PRNewswire/ -- Turpaz Industries (TASE: TRPZ), a company engaged in the development, production and marketing of flavor extracts and unique raw materials,...
Turpaz Industries has announced the acquisition of Doucy, a Belgian sweet flavors manufacturer, for $8.5 million, with an additional payment contingent on Doucys EBITDA performance by March 2027. This acquisition marks Turpazs second deal since the beginning of 2025 and aims to maximize synergy between Turpazs technology and Doucys geographic reach in the sweet flavors sector. Doucy, founded in 1968, is known for its expertise in sweet flavors for food and beverages, as well as colors and additives for the animal feed industry. The acquisition is expected to enhance Turpazs operations in Western Europe and contribute positively to its financial results.
Acquisition
growth-positive
/PRNewswire/ -- Turpaz Industries (TASE: TRPZ), which is engaged in the development, production and marketing of flavor extracts and unique raw materials,...
Turpaz Industries has expanded its operations in the UK by acquiring Advance Flavour Solutions Limited (AFS), a company specializing in flavor extracts for vaping. This strategic acquisition is part of Turpazs global growth strategy and involves merging its UK vaping operations with AFS. Turpaz paid £4.5 million ($5.7 million) and allocated 75% of the shares of its UK subsidiary to AFS shareholders, retaining 25% ownership. The merger aims to leverage synergies, expand the customer base, and enhance product offerings in the UK and internationally. Turpaz will operate two branches in the UK, focusing on food and beverage flavor extracts and vaping flavor extracts.
AcquisitionPartners
growth-positive
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
Turpaz Industries has expanded its operations in the UK by acquiring Advance Flavour Solutions Limited (AFS), a leading company in the development and marketing of flavor extracts for vaping. This strategic acquisition is part of Turpazs global growth strategy and involves merging its UK flavor extract business with AFS. The acquisition, valued at £4.5 million ($5.7 million), allows Turpaz to hold 25% of the shares in the newly formed UK subsidiary. The partnership aims to leverage synergies between the companies, expand the customer base, and enhance product development. This move signifies Turpazs commitment to innovation and growth in the flavors market.
AcquisitionPartners
growth-positive
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
Turpaz Industries Ltd., a leader in flavor and fragrance extracts, reported significant financial growth for Q3 and the first nine months of 2024. The company achieved a 50.1% increase in Q3 revenues, totaling USD 48.7 million, and a 43.1% rise in revenues for the first nine months, reaching USD 134.5 million. This growth is attributed to organic expansion in its core business and strategic acquisitions, including Sunspray in South Africa, Clarys & Willich in Belgium and Germany, and F&E in England. Turpazs adjusted EBITDA for Q3 rose by 59.3% to USD 12 million, and its net profit increased by 15.8% to USD 4.6 million. The company plans to continue its acquisition strategy to enhance global presence.
Acquisition
growth-positive
Turpaz acquires German flavor company Schumann
Turpaz Industries Ltd. has acquired Schumann & Sohn GmbH, a German company specializing in food flavors, for approximately 10.7 million euros. This acquisition, completed on November 7, 2024, marks Turpazs fourth purchase in 2024 and aligns with its international expansion strategy. The acquisition is expected to enhance Turpazs position in the sweet flavors market in Western Europe and create cross-selling opportunities by expanding its customer base and product portfolio. Schumann, founded in 1948, has a strong reputation in the industry and reported sales of 6.7 million euros for the first nine months of 2024. The integration of Schumann into Turpaz is anticipated to leverage synergies and accelerate organic growth.
Acquisition
growth-positive
Turpaz continues its acquisition strategy and makes a third strategic purchase since the beginning of 2024, in England
Turpaz Industries Ltd., a leader in flavor and fragrance extracts, has acquired British flavor company Flavors and Essences UK Limited (F&E) for £22 million from IFF. This acquisition marks Turpazs 11th since its IPO in May 2021 and aims to expand its presence in Europe, particularly in the UK market. F&E, founded in 1998, specializes in flavor extracts and has a significant customer base in the UK, Europe, and Asia. The acquisition is part of Turpazs broader strategy to leverage synergies and enhance its global market position. Turpaz has also made other strategic acquisitions in 2024, including Sunspray in South Africa and Clarys & Willich in Belgium and Germany.
AcquisitionCustomers
growth-positive
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
Turpaz Industries, a global company in the field of development, manufacturing, and marketing of flavor and fragrance extracts, has reported a 52.7% increase in revenues for Q2 2024, reaching a record high of USD 46.8 million. The companys growth is attributed to organic growth in its core businesses and the acquisition of Food-Base in Hungary, Sunspray in South Africa, and the Clarys & Willich group in Germany and Belgium. The companys robust equity structure and cash flows from operating activities have enabled the continued execution of its mergers and acquisitions strategy. Since the beginning of 2024, Turpaz has completed two strategic acquisitions.
AcquisitionPublic Trading
growth-positive
Record results for Turpaz Industries group in revenues, gross profit and EBITDA in the first quarter of 2024
Turpaz Industries, a global manufacturer and marketer of fragrances, flavor solutions, and unique raw materials, reported record financial results for Q1 2024. The companys sales grew by 26.2% to $39 million, with an adjusted EBITDA rate of 21.5%. The company also recruited several leading experts in the flavor and fragrance industry. Additionally, Turpaz completed two strategic acquisitions, Sunspray in South Africa and the Clarys & Willich group in Belgium and Germany. The companys share was added to the Tel Aviv 125 index.
CustomersPartnersAcquisitionExpand
growth-positive
Turpaz Appoints Martin Stiegler as Chief Commercial Officer of Flavors Europe
Turpaz Industries, a company that develops, manufactures, and markets fragrances, flavors, and specialty fine ingredients, has appointed Martin Stiegler as Chief Commercial Officer of Flavors Europe. Stiegler has extensive experience in the food, beverage, and flavor industries. His appointment is part of Turpaz Industries expansion initiatives within the Taste division. This announcement follows several strategic appointments within the company, including Pierre-Yves Cariou as Global Master Perfumer, Joris Matthijs as Global Senior Flavorist, and Anna Corless as Global Procurement Manager. The company also recently acquired 100% ownership in Cewecon GmbH, a private company incorporated in Germany.
Management ChangesAcquisitionExpand
growth-positive
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
Turpaz Industries has acquired the Belgian and German Clarys & Willich group, a leading company in the field of savory flavors, functional solutions and unique raw materials for the meat and baking sector. The acquisition is part of Turpazs integrated growth strategy and is expected to strengthen its product offering and leverage cross-selling possibilities. The sellers, Kurt Clarys and Volker Willich, will continue their managerial roles in the Clarys & Willich group and join the management team of Turpaz. This is the second strategic acquisition for Turpaz in 2024, following the purchase of the South African food company, Sunspray.
AcquisitionExpand
growth-positive
Turpaz Industries concludes the year 2023 and the fourth quarter with record results in revenues, gross profit and adjusted EBITDA
Turpaz Industries reported a 9.3% increase in Q4 sales, reaching a record $33.3 million. The companys adjusted EBITDA grew by 15.1% to $7.6 million. In 2023, revenues grew by 7.4% to a record $127.4 million, and the adjusted EBITDA grew by 3.3% to $27.8 million. The company completed the acquisition of 3 companies in 2023 and a total of 10 since its IPO in May 2021. Turpaz also recruited leading experts from the flavor and fragrance industry to strengthen its global capabilities. The company raised credit in Q1 2024 amounting to 33 million euros, part of which was used to purchase Sunspray.
AcquisitionExpand
growth-positive
Turpaz Industries Appoints Anna Corless as Global Procurement Manager
Turpaz Industries has announced the appointment of Anna Corless as Global Procurement Manager. Anna has over two decades of experience in the food, flavor, and fragrance segments, having held key positions in Procurement, Supply Chain, and Operations with companies like Belmay, Manheimner, Kerry, and Frutarom. Her primary focus will be on expanding procurement functions to support Turpazs growth objectives. This appointment is part of Turpazs commitment to bringing in top-tier talent to enhance its position in the industry.
Management Changes
growth-positive
Turpaz Industries Appoints Joris Matthijs as Senior Flavorist
Turpaz Industries has announced the appointment of Joris Matthijs as Global Senior Flavorist. Matthijs has extensive experience in the food and beverage sectors, having worked with several multinational companies. His appointment follows the recent appointment of Pierre-Yves Cariou as the Global Master Perfumer for the Turpaz group. The company believes that Matthijs expertise will contribute to the growth and success of their Taste segment.
Management ChangesExpand
growth-positive
Turpaz Industries Appoints Pierre-Yves Cariou as Global Master Perfumer
Turpaz Industries has appointed Pierre-Yves Cariou as the Global Master Perfumer. This move aligns with Turpazs strategy to grow and develop its innovation track within the group. Pierre-Yves brings over 30 years of experience in fragrance creation and research and development, having held key positions in internationally renowned fragrance companies such as Givaudan and IFF. His appointment is expected to contribute towards growing Turpazs capabilities and strengthening its position as a leader in the fragrance industry.
Management Changes
growth-positive
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
Turpaz Industries reported record sales and cash flow for Q3 and the first nine months of 2023. Sales in Q3 grew by 7% to $32.5 million, and for the first nine months, they grew by 6.8% to $94 million. The companys solid capital structure and low leverage, along with a cash balance of $19.3 million and debt of $15.9 million, have enabled the continued implementation of its acquisition strategy. Turpaz completed the acquisition of two companies in 2023, Food Base and Aromatique Food, and has completed nine acquisitions since its IPO in May 2021.
CustomersAcquisition
growth-positive
Ninth acquisition for Turpaz since the IPO
Turpaz Industries has acquired 60% of the shares of Hungarian flavor company Food Base for $9.5 million. The acquisition is expected to increase Turpazs customer base, sales volume, and market share in emerging markets. Food Base specializes in the production, development, and marketing of flavors, herb extracts, and essential oils for the food and beverage industry. The transaction is subject to regulatory approvals in Hungary and is expected to be completed in the coming months. Turpaz plans to utilize Food Bases capabilities to expand its business in the area.
Acquisition
growth-positive
Ninth acquisition for Turpaz since the IPO
Turpaz Industries has announced its acquisition of 60% of the shares of Hungarian flavor company Food Base for $9.5 million. The acquisition is expected to increase Turpazs customer base, sales volume, and market share in emerging markets. Food Base specializes in the production, development, and marketing of flavors, herb extracts, and essential oils for the food and beverage industry. The transaction is subject to regulatory approvals in Hungary and is expected to be completed in the coming months. Turpaz plans to utilize Food Bases capabilities to expand its business in the area.
Acquisition
growth-positive
Turpaz group presents record results in revenue in gross profit and adjusted EBITDA for the first quarter of 2023
Turpaz Industries has reported record results in revenue, gross profit, and adjusted EBITDA for the first quarter of 2023. The companys group revenues grew by 12.8% to $30.9 million, with gross profit increasing by 10.4% to $11.8 million. Turpaz has completed eight acquisitions since becoming a public company in May 2021 and plans to acquire additional companies to support its growth strategy. In January 2023, Turpaz acquired 65% of the share capital of Aromatique Food for $3.6 million. The company also distributed a dividend of $5 million to its shareholders. Despite inflationary pressures, Turpaz remains in an excellent position with a solid capital structure and low leverage.
AcquisitionInvestment
Turpaz Industries continues to show double-digit growth and record results in revenue, profit and cash flow in 2022
growth-positive
Turpaz group presents record results for the third quarter in sales, gross profit and operating profit
Turpaz Industries, a company that develops, manufactures, and markets fragrance, taste, intermediates, and chemicals, has reported strong financial results for the third quarter of 2022. The company experienced a 70% growth in revenues, with organic growth of 24%. The adjusted EBIDTA increased by 60% and the net profit climbed by 42%. Turpaz has completed 5 acquisitions this year and a total of 8 since becoming a public company. The company aims to strengthen its taste and fragrance legs through synergy and cross-selling. Despite the increase in raw material prices, the gross profit and operating profit also saw significant growth. Turpaz expects the full potential of its recent acquisitions to be realized in the coming quarters and plans to continue implementing its growth strategy.
AcquisitionExpand
growth-positive
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
Turpaz Industries has announced the acquisition of a 65% stake in Aromatique Food, a Romanian company that develops, manufactures, and markets savory flavor mixtures. The deal, worth 17 million Romanian leu ($3.35 million), also includes future consideration based on Aromatiques business performance in H2 2022. The acquisition is part of Turpazs growth strategy, expanding its geographic presence and product portfolio in Europe and Eastern Europe. The deal is expected to complete in Q4 2022.
AcquisitionExpand
growth-positive
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
Turpaz Industries has announced the acquisition of a 65% stake in Romanian company Aromatique Food for $3.35 million, with an option to purchase the remaining shares starting January 2025. This acquisition is part of Turpazs growth strategy, allowing it to expand its geographic presence and product portfolio in the savory sector in Europe, particularly Eastern Europe. The deal is expected to be completed in the fourth quarter of 2022. This is Turpazs fifth acquisition in 2022 and its eighth since becoming a public company in May 2021.
AcquisitionExpand
growth-positive
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
Turpaz Industries has signed an agreement to acquire control of Klabin, an American custom fragrance company, for $24.3 million. This acquisition strengthens Turpazs activities and presence in the field of fragrances in North America. Klabin will be merged with Turpazs current activities in the fragrance sector in the USA. The founders and managers of Klabin will join Turpazs global management team. The acquisition is part of Turpazs integrated growth strategy, which includes organic growth and synergistic acquisitions. Turpaz has made seven acquisitions since becoming a public company in May 2021. The transaction will be financed partly from independent sources and partly from bank financing. The agreement includes options to purchase the remaining shares of Klabin depending on performance.
Acquisition
growth-positive
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
Turpaz Industries, a developer and manufacturer of fragrance and flavor extracts, reported strong financial results for Q2 2022. The company achieved double-digit growth in sales, gross profit, operating profit, and adjusted EBITDA. The growth was attributed to the companys combined organic growth and acquisition strategy. Turpaz completed three acquisitions in 2022, bringing the total to six since its IPO in May 2021. Despite currency fluctuations and increased raw material and shipping costs, the companys gross profitability remained stable. The net profit also showed significant growth. The full financial report can be accessed on the companys investor relations website.
AcquisitionPublic Trading
growth-positive
Turpaz Industries: A peek behind the flavor and fragrance curtain
Turpaz, a company that develops, produces, and markets flavor and fragrance compounds, has acquired 12 companies globally in less than four years. The companys valuation is currently at NIS 2.5 billion. Turpaz launched an IPO in May 2021, raising NIS 208 million with a valuation of NIS 883 million. The companys value has since risen significantly, and it will soon enter the TA90 index. Turpaz specializes in creating tailor-made fragrance and flavor products based on customer needs. They have developed a smell technology for police and army units to identify targets. The CEO and chairperson of Turpaz Industries, Karen Cohen Khazon, highlights the importance of fragrance and flavor in everyday life.
Acquisition
Turpaz Industries Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 42 |
| Team members | 6 |
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Turpaz Industries Internal
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Admin Info
| Confidence | 88/100 |
| Missing | video or image, funding rounds, markets, not claimed |
| BI Verification | Maor Perlov |
| Registrar ID | 514574524 |
| Creator | Maor Perlov |
| Creator email | maorperlov@gmail.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2023-03-27T00:00:00.000Z |
| Created | 2022-05-19T00:00:00.000Z |
| Status detail | Public on TASE on May, 2021; |