M&A Deal Summary

Turpaz Industries Acquires Food Base

On June 12, 2023, Turpaz Industries acquired food company Food Base

Acquisition Highlights
  • This is Turpaz Industries’ 1st transaction in the Food sector.
  • This is Turpaz Industries’ 1st transaction in Hungary.

M&A Deal Summary
Date 2023-06-12
Target Food Base
Sector Food
Buyer(s) Turpaz Industries
Deal Type Add-on Acquisition

Target

Food Base

Godollo, Hungary
Food Base offers flavors and plant extracts to the Hungarian market, as well as exporting to other European countries. Food Base has a research and development center, and a marketing and sales system and owns a modern and efficient production site measuring 4.5 dunams. The main activity of Food Base is the development, production, marketing, and sale of sweet flavors and natural herbal extracts for the food and beverage industry, with an emphasis on convenience food, health drinks, and snacks, as well as unique raw materials for the nutritional supplement industry. Food Base was formed in 2004 and is based in Godollo, Hungary.

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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 through its subsidiaries provides the development, production, marketing, and sales of 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 1 of 3
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Hungary) 1 of 1
Year (2023) 1 of 1
FOLLOWING 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.

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