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Turpaz acquires Attractive Scent for fragrance expansion

Jul 14, 20255 months ago

Acquiring Company

Turpaz Industries Ltd

Acquired Company

Attractive Scent

HolonSaint-Cézaire-sur-SiagneManufacturingCosmeticsBeautyFashion

Description

Turpaz Industries Ltd. has successfully acquired a 68.6% controlling stake in Attractive Scent SAS for EUR 27.4 million. This strategic acquisition aims to bolster Turpaz's presence in the global fragrance industry and enhance its operations. Attractive Scent's expertise will complement Turpaz's capabilities, allowing for accelerated entry into luxury markets. The founders of Attractive Scent will remain involved in its leadership post-acquisition.

Company Information

Company

Turpaz Industries Ltd

Location

Holon, Tel-Aviv District, Israel

About

Turpaz Industries Ltd. is a leading company in the field of development, production and marketing of flavor and fragrance extracts, and specialty fine ingredients. With over 3,000 customers in 60 countries, Turpaz operates 17 production sites and R&D centers around the world and employs 800 people.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed