Turpaz expands portfolio with acquisition of Attractive Scent in USD 32.3M deal

FRANCE – Turpaz Industries Ltd. has expanded its portfolio with the acquisition of a 68.6% controlling stake in French fragrance company Attractive Scent SAS, in a deal valued at EUR 27.4 million (USD 32.3 million). 

According to the brands, this was financed through long-term bank funding.

This strategic move aims to enhance Turpaz’s presence in the global fragrance industry and accelerate its entry into luxury perfumery markets.

The founders of Attractive Scent, Marc Langasque and Arnaud Fourre, are set to continue leading the company and will join the management team of Turpaz’s fragrance division, ensuring continuity and leveraging their expertise. 

The agreement also includes a mechanism for Turpaz to acquire the remaining shares of Attractive Scent in the future, contingent on its business performance. 

This acquisition is expected to generate significant value integration, enhancing Turpaz’s creative excellence, broadening its fragrance offerings, and opening doors to new markets worldwide.

Karen Cohen Khazon, Chairperson of the Board and CEO of the Turpaz group, stated, “This acquisition places Turpaz at the very heart of the perfume industry and enables further expansion of our geographic presence while leveraging the collaboration between Attractive Scent and the other companies within the group.”

“The combination of Attractive Scent’s expertise, leading perfumers, creativity, and innovation with Turpaz’s international infrastructure and capabilities will allow us to increase the added value for our existing customers and reach new ones, further solidifying Turpaz’s position as a global leader in the fragrance and perfumery industry.”

Attractive Scent specializes in developing, manufacturing, and marketing fragrance extracts for the fine fragrance industry, as well as for personal care, cosmetics, candles and air care products. 

Their established presence and broad customer base spanning Europe, Asia, Africa, the Middle East, and South America will seamlessly integrate into Turpaz’s expanding global footprint. 

This move follows Turpaz’s recent acquisition of Carotex, a Polish company specializing in sweet flavours, emulsions, and fragrances for food, beverage, and personal care applications, further solidifying its presence in the European flavours and fragrances (F&F) sector.

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.

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