Turpaz Industries acquires Carotex in USD 23.4M deal expanding its European footprint
The acquisition is expected to drive operational efficiencies and expand Turpaz’s customer base, reinforcing its strategic foothold in the region.
EUROPE – Turpaz Industries, an Israel-based manufacturer of flavour and fragrance, has solidified its presence in the European flavours and fragrances (F&F) sector with the acquisition of Carotex, a Polish company specializing in sweet flavours, emulsions, and fragrances for food, beverage, and personal care applications.
Founded in 1989, Carotex has built a strong reputation in Poland and across Europe, particularly in the beverage sector, where its expertise in flavour development complements Pollena Aroma’s existing portfolio.
The acquisition is expected to drive operational efficiencies and expand Turpaz’s customer base, reinforcing its strategic foothold in the region.
Karen Cohen Khazon, chairperson and chief executive officer of Turpaz, stated, “The acquisition of Carotex’s operations makes a strategic step in Turpaz’s expansion within the European flavor and fragrance market.”
“Carotex synergistically complements Pollena’s operations, and the integration in the segment of sweet flavors and innovative solutions for the food and beverage industries, as well as in the fragrance segment, will enable Turpaz to achieve operational efficiencies and expand its customer and product portfolio.”
With this acquisition, Turpaz continues its expansion strategy, leveraging Carotex’s established market presence and technical expertise to drive innovation and growth in the European F&F industry.
Turpaz Industries operates through three key divisions: taste, fragrance, and speciality fine ingredients, each catering to distinct market needs.
The fragrance division develops and manufactures natural and synthetic fragrance extracts for cosmetics, toiletries, detergents, scented candles, air care, and odour neutralizers.
The taste division specializes in natural and synthetic flavour extracts, seasonings, and gluten-free flours, supplying the food, beverage, and animal nutrition industries.
In addition, the speciality fine ingredients division focuses on high-value raw materials for the pharmaceutical, agrochemical, polymer, and catalyst industries, as well as aromatic chemicals for the flavour and fragrance sector.
Beyond fragrances, Turpaz recently expanded its European footprint with the acquisition of Belgian sweet flavours manufacturer Doucy for USD 8.5 million.
This strategic move strengthens Turpaz’s presence in Western Europe and enhances its Taste division, reinforcing the company’s expertise in both sweet and savoury flavour solutions.
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