Turpaz to acquire Carotex for $23m.

Turpaz, an international company that develops, manufactures, and markets flavors, fragrances, and specialty fine ingredients, agreed to acquire Carotex, a company focused on flavors and fragrances, for $23m. "We are pleased to welcome Carotex to the Turpaz group. The acquisition of Carotex's operations marks a strategic step in Turpaz's expansion within the European flavor and fragrance market. Carotex synergistically complements Pollena's operations, and the integration in the segment of sweet flavors and innovative solutions for the food and beverage industries, as well as in the fragrance segment, will enable Turpaz to achieve operational efficiencies and expand its customer and product portfolio. This acquisition brings significant value, including professional expertise, complementary products, and a broad customer base. The merger will strengthen our presence and position in the European market and creates greater value for our customers and shareholders," Karen Cohen Khazon, Turpaz Chairperson and CEO of Turpaz.