M&A Deal Summary

Turpaz Industries Acquires Doucy

On February 25, 2025, Turpaz Industries acquired food company Doucy for 9M USD

Acquisition Highlights
  • This is Turpaz Industries’ 4th transaction in the Food sector.
  • This is Turpaz Industries’ 3rd largest (disclosed) transaction.
  • This is Turpaz Industries’ 2nd transaction in Belgium.

M&A Deal Summary

Date 2025-02-25
Target Doucy
Sector Food
Buyer(s) Turpaz Industries
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

Doucy

Fernelmont, Belgium
Doucy is a provider in the development and production of sweet flavors for food, and beverages, as well as colors and additives for the animal feed industry. Doucy was formed in 1968 and is headquartered in Fernelmont, Belgium.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Turpaz Industries

Holon, Israel

Category Company
Founded 2011
Sector Chemicals
Employees960
Revenue 189M ILS (2024)
DESCRIPTION

Turpaz Industries developes, produces, markets, and sells scent extracts used in the production of cosmetics and toiletries, personal care products, and atmospheric application; flavor extracts used in food and beverage production; unique intermediates for pharmaceutical industry and unique raw materials for the agro and fine chemical industry; and citrus products and aroma chemicals for the flavor and fragrance industry. The group has a wide and diverse portfolio of products, the result of in-house development and manufacture. It develops, manufactures, markets, and sells products to more than 2,000 customers in over 30 countries around the world and operates 13 production sites that include research and development centers, laboratories, and sales, marketing, and regulatory offices in Israel, the USA, Poland, Belgium, Vietnam, Latvia and Romania. Turpaz Industries was founded in 2011 and is based in Holon, Israel.


DEAL STATS #
Overall 5 of 7
Sector: Food M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Belgium M&A 2 of 2
Year: 2025 M&A 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Schumann & Sohn

Karlsruhe, Germany

Schumann & Sohn operates in the field of food flavors. Schumann specializes in flavor solutions for the food industry and nutritional supplements. Schumann & Sohn was formed in 1948 and is based in Karlsruhe, Germany.

Buy €11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-14 Attractive Scent

Nice, France

Attractive Scent develops, manufactures, and markets fragrance extracts for the Fine fragrances industry, as well as for personal care products, cosmetics, air care products, and candles. Attractive Scent was founded in 2018 and is based in Nice, France.

Buy -