Turpaz Acquires German Flavor Company Schumann

On November 7, 2024, Turpaz Industries acquired German flavor company Schumann & Sohn GmbH. This marks Turpaz’s fourth acquisition of 2024. 

Founded in 1948, the Schumann company currently operates a production and development site in Karlsruhe, Germany. The company’s portfolio offers flavor solutions for the food industry and nutritional supplements, and specializes in sweet flavors. Schumann sold 6.7 million euros in the first nine months of 2024.

Karen Cohen Khazon, chairperson and CEO of Turpaz, said, “The purchase of Schumann is a continuation of Turpaz’s global expansion strategy and strengthening of its position, whilst entering the sweet flavors market in Germany. We recognized the potential for growth based on the customer base and distribution channels of both companies. Leveraging the synergies between the companies will allow Turpaz to utilize the competitive advantages of both companies and accelerate the rate of organic growth.”

Schumann shareholder Sabine Schuman and manager Gerd Mossmann commented, “Schumann’s integration into the Turpaz Group will bring with it new opportunities to expand Schumann’s product portfolio and distribution channels, by leveraging the geographical distribution of Turpaz, and will enable the preservation of Schumann’s legacy and the development of its business in the German flavor market.”