On May 21, 2025, Israeli flavor and fragrance manufacturer The Turpaz Industries Group reported its financial results for the first quarter of 2025. According to the report, the company achieved double-digit growth in all operational and financial lines. Revenue over this period was $60.4 million, a growth of 54.7% over the corresponding period last year. Further, operating profit increased by 76.7%.
“We are starting 2025 with record results in all sales and financial indicators in each of our business segments,” said chairperson and chief executive officer Karen Cohen Khazon. “These results stem from the successful implementation of the group’s strategy based on organic growth combined with acquisitions and mergers, while leveraging the synergies between the companies in the group and establishing a quality and dedicated management and workforce around the world.
“Turpaz continues to expand its global presence and offer its customers a broad and leading portfolio of solutions, while maintaining high profitability and strong cash flow management. We are working determinedly to continue implementing our growth strategy, with the aim of realizing our vision - to be among the ten leading companies in the world in the field of flavors and fragrances.”
During the first quarter, Turpaz completed two acquisitions in the United Kingdom and Belgium to expand their product portfolio. These two transactions join a series of acquisitions made by the company in recent years.
