M&A Deal Summary

Turpaz Industries Acquires Flavors and Essences

On September 2, 2024, Turpaz Industries acquired chemicals company Flavors and Essences for 22M GBP

Acquisition Highlights
  • This is Turpaz Industries’ 1st transaction in the Chemicals sector.
  • This is Turpaz Industries’ 0th largest (disclosed) transaction.
  • This is Turpaz Industries’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2024-09-02
Target Flavors and Essences
Sector Chemicals
Buyer(s) Turpaz Industries
Deal Type Divestiture
Deal Value 22M GBP

Target

Flavors and Essences

Blackburn, United Kingdom
Flavors and Essences specializes in the development, production and marketing of flavor extracts for a variety of products. Flavors and Essences is based in Blackburn, United Kingdom.

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Buyer(S) 1

Buyer

Turpaz Industries

Holon, Israel
Category Company
Founded 2011
Sector Chemicals
Employees800
Revenue 127M ILS (2023)
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 3 of 4
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 Clarys Food Ingedrients

Oostkamp, Belgium

Clarys Food Ingedrients is engaged in savory flavors, functional solutions and unique raw materials for the meat and baking sector. Clarys Food Ingedrients is based in Oostkamp, Belgium.

Buy -
FOLLOWING 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
Mergr

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