On March 18, 2025, Israeli ingredient supplier Turpaz reported its financial results for 2024 as well as the fourth quarter of that year.
According to the report, Turpaz sales jumped 65% in the fourth quarter to a record $55 million. Whole-year sales in 2024 grew by 38.4% to a peak of $188.9 million. The company’s core activity, which include its taste and fragrance segments, doubled in the fourth quarter. This growth follows the company’s six acquisition transactions since the beginning of 2024.
“I am proud to share with you Turpaz’s record results for 2024, which reflect business resilience and growth - with double digit growth in revenue, gross profit, operating profit, adjusted EBITDA and net profit,” said chairperson and chief executive officer Karen Cohen Khazon. “The implementation of our strategy based upon the combination of organic growth and synergistic mergers and acquisitions for its operations, the company produces consistent double-digit growth, while maintaining high profitability. We are committed to continuing global expansion, while maintaining strong cash flow and stable funding sources.”
