Israel’s Turpaz Industries buys Flavors and Essences for GBP22m
Categories: Corporate and M&A
Listed on the TASE, Israeli company Turpaz Industries Ltd., a specialist in flavor and fragrance extracts, has acquired 100% of the share capital of British flavor company Flavors and Essences UK Limited (F&E) for GBP 22 million from IFF.
Established in 1998, F&E focuses on developing and marketing flavor extracts for products such as vaping, baked goods, beverages, and other food items. It serves a broad customer base across the UK, Europe, and Asia, employing 50 people, including a sales team in Belgium.
This acquisition marks Turpaz’s 11th since its public offering and aligns with its strategy to expand its footprint in Europe.
The legal team at Bird & Bird, led by Nick O’Donnell and Adam Meisels, facilitated the transaction.
