Turpaz Industries Successfully Raises $98 Million in Recent Equity Offering to Fuel Growth Strategy

Turpaz Industries Completes Successful Equity Offering

On August 25, 2025, Turpaz Industries (TASE: TRPZ), a notable global player in the fragrance and flavor solutions industry, announced the successful completion of an equity offering generating approximately $98 million (NIS 330 million). This significant funding round was executed at a price point of $13.8 (NIS 46.5) per share and is earmarked to bolster the company's ambitious growth strategy, intertwining both organic growth and impactful mergers and acquisitions.

Strong Market Demand

The equity offering attracted substantial interest from leading institutional investors, indicating robust market confidence in Turpaz's future prospects. Karen Cohen Khazon, the CEO and Chairperson of Turpaz Group, expressed gratitude for the trust placed by these investors, highlighting that their support will enhance the company's capital structure. In her statement, she emphasized the intention to lay a strong foundation for executing the growth strategy effectively, aiming to generate significant and sustainable value for shareholders.

Record-Breaking Financial Performance

Turpaz Industries had previously reported impressive financial results for the first half and second quarter of 2025, showcasing double-digit growth across essential performance indicators, including sales, operating profit, adjusted EBITDA, and net profit. This growth momentum is expected to amplify in the third quarter, angling towards an annual sales projection of approximately $300 million (NIS 1 billion). Such growth can be attributed to the execution of its combined growth strategy, further supported by five strategic acquisitions conducted earlier in the year across diverse locations, including the UK, Belgium, Poland, France, and India. These acquisitions not only increased Turpaz's geographical presence but also fortified its operational framework and diversified its product offerings.

Company Overview

Founded with the mission to deliver high-quality flavor and fragrance solutions, Turpaz Industries operates on an international scale, maintaining a presence in over 90 countries and serving more than 4,000 customers. The company boasts 25 production facilities, research and development centers, and sales offices worldwide, employing approximately 960 people. Turpaz’s broad portfolio serves various industries, including food, beverage, cosmetics, toiletries, and chemicals, underlining its commitment to innovation and excellence in product delivery.

The completion of this equity offering marks a pivotal moment for Turpaz, reaffirming its stature in the market and setting it on a path toward sustained success through strategic growth. As the company continues to adapt and evolve within the competitive landscape, it looks forward to harnessing this investment to further its goals and achieve long-term success.

For further details and inquiries, Yoni Adini, General Counsel of Turpaz, can be contacted at [email protected]