M&A Deal Summary

Turpaz Industries Acquires Schumann & Sohn

On November 12, 2024, Turpaz Industries acquired food company Schumann & Sohn for 11M EUR

Acquisition Highlights
  • This is Turpaz Industries’ 3rd transaction in the Food sector.
  • This is Turpaz Industries’ largest (disclosed) transaction.
  • This is Turpaz Industries’ 1st transaction in Germany.

M&A Deal Summary
Date 2024-11-12
Target Schumann & Sohn
Sector Food
Buyer(s) Turpaz Industries
Deal Type Add-on Acquisition
Deal Value 11M EUR

Target

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.

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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 4 of 4
Sector (Food) 3 of 3
Type (Add-on Acquisition) 3 of 3
Country (Germany) 1 of 1
Year (2024) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-02 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.

Buy £22M
Mergr

Product

Company

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