Investors news

05/18/2022

Turpaz’s revenue grew 42.5% to $27.4 million including organic growth of 9.5%; adjusted EBIDTA increased by 35.4% to $6.3 million; net income climbed 26.8% to $4 million

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12/12/2021

Fourth acquisition of Turpaz Industries in 2021: Turpaz signs an agreement to acquire the Latvian company, LORI, a company engaged in the development, production and marketing of perfume extracts, for the amount of EUR 3.14 million

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10/03/2021

Turpaz continues to implement its growth strategy, and acquires the business activities and assets of Pilpel and Galilee Herbs for a total of NIS 12 million ($ 3.75 million). These acquisitions in the field of savory flavors, natural extracts, and special flours (gluten-free) establish and expand Turpaz’s product portfolio in the sectors of natural and organic flavors and raw materials

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09/19/2021

Acquiring control (60%) of the Belgian company, Food Ingredients Technologies (FIT), which produces, develops, and markets savory flavors to the value of $ 12.9 million (10.9 million euros) The acquisition establishes Turpaz's presence in Western Europe and is another part of Turpaz's strategic plan to expand its range of savory flavors, creating a complete value chain for its customers and leveraging the synergies between the group’s companies

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08/23/2021
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08/18/2021

Turpaz reports record results for the first half of 2021 and high double-digit growth in sales and profits: A 75% jump in revenue that peaked at 39.4 million dollars in the first six months of 2021 Adjusted EBITDA peaked at 9.8 million dollars (25% of total revenue), an increase of 72% over the same period last year A 94% increase in net profit, which peaked at 6.3 million dollars

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