Turpaz Industries to acquire Clarys & Willich Group for $48m.

Turpaz Industries, a chemical manufacturing company, agreed to acquire Clarys & Willich Group, a savory flavors, functional solutions and unique raw materials company, for $48m. "This is an important and significant strategic acquisition that establishes the position of Turpaz Industries as one of the largest and leading companies in Europe in the field of flavor, and strengthens its presence and positioning as a leading global manufacturer of savory flavor solutions and advanced baking solutions. Clarys-Willich's activity is particularly synergistic with that of Turpaz and will be integrated with the successful activities of the Belgian company, FIT, which was purchased by Turpaz in October 2021, as well as with Turpaz Israel's activities," Karen Cohen Khazon, Turpaz Industries Chairperson and CEO.