#Israel #Caesarea #Growth Strategy #Record Sales #Turpaz Industries

Turpaz Industries Achieves Record Growth in 2025

Turpaz Industries, a prominent global company in the fragrance and flavor industry, recently announced outstanding financial results for the first half and second quarter of 2025. The company reported record sales of $123.8 million in the first half, a remarkable increase of 44.3% compared to the same period last year. This growth was sustained by a robust organic rise of 11.6% as well as strategic acquisitions that further enhanced the company's market presence.

Highlights from First Half Results

During the first half of 2025, Turpaz's operational profits soared by 72.1%, amounting to $19.6 million, and the adjusted EBITDA saw a similar increase, growing by 54.4% to reach $28.3 million. The gross profit margin also showed improvement, climbing to 39% of sales, reflecting the effectiveness of the company’s growth strategy, which intertwines organic expansion with mergers.

In terms of net profit, Turpaz reported an impressive surge of 57.7%, bringing the total to $10.6 million compared to $6.7 million in the previous year’s half. Among its business segments, the ‘Taste’ segment remains the strongest, accounting for 72.5% of total sales and growing by 52.7%.

Second Quarter Achievements

The second quarter also highlighted Turpaz's excellent performance, with sales advancing by 35.6% to $63.4 million. The gross profit expanded significantly, representing 39% of sales with a total rise to $24.7 million. Operating profit grew substantially to $9.9 million, marking a 67.9% increase compared to the prior year. Furthermore, the adjusted EBITDA for this quarter reached $14.6 million, moving up by 47.5%.

This growth trajectory is bolstered by actions taken in its Specialty Fine Ingredients segment, where strategic product mix changes led to an incredible 110.2% sales boost.

Strategic Acquisitions Fueling Growth

Since the beginning of the year, Turpaz has successfully completed five acquisitions across key markets, including the UK, Belgium, Poland, France, and India. These strategic moves not only expanded the geographical footprint of the company but also improved operational efficiencies, enhanced product offerings, and solidified the company’s position in the market. For instance, the acquisition of the Attractive Scent in France has paved the way into the luxury fragrance market, while the Doucy acquisition in Belgium focused on enhancing the sweet flavors segment and tapping into new markets in the Benelux region.

The investment in Aastrid India further diversified Turpaz's operational sites, which now stands at four production facilities across various regions. This multi-site presence is expected to secure greater synergy and allow the leverage of distinct market advantages present in different locations.

Looking Ahead

Karen Cohen Khazon, CEO and Chairperson of Turpaz Industries, expressed her satisfaction with these results, stating, “The strong growth trend is intensifying into the third quarter of 2025, and we estimate that the annual sales run rate will reach 1 billion NIS. These achievements are the result of our growth strategy combining organic growth with acquisitions, leveraging synergies among our diverse portfolio.”

With its eyes set on continual expansion, Turpaz Industries is well-positioned to further dominate the fragrance and flavor industry, driving significant value for its stakeholders and clients.

With over 4,000 customers globally and operating in 90 countries, Turpaz Industries continues to innovate and adapt, ensuring its offerings cater to the evolving needs of the food, beverage, cosmetics, and chemical sectors.