Turpaz’s revenue grew 42.5% to $27.4 million including organic growth of 9.5%; adjusted EBIDTA increased by 35.4% to $6.3 million; net income climbed 26.8% to $4 million
Fourth acquisition of Turpaz Industries in 2021: Turpaz signs an agreement to acquire the Latvian company, LORI, a company engaged in the development, production and marketing of perfume extracts, for the amount of EUR 3.14 million
Turpaz continues to implement its growth strategy, and acquires the business activities and assets of Pilpel and Galilee Herbs for a total of NIS 12 million ($ 3.75 million). These acquisitions in the field of savory flavors, natural extracts, and special flours (gluten-free) establish and expand Turpaz’s product portfolio in the sectors of natural and organic flavors and raw materials
Acquiring control (60%) of the Belgian company, Food Ingredients Technologies (FIT), which produces, develops, and markets savory flavors to the value of $ 12.9 million (10.9 million euros) The acquisition establishes Turpaz's presence in Western Europe and is another part of Turpaz's strategic plan to expand its range of savory flavors, creating a complete value chain for its customers and leveraging the synergies between the group’s companies
Turpaz reports record results for the first half of 2021 and high double-digit growth in sales and profits: A 75% jump in revenue that peaked at 39.4 million dollars in the first six months of 2021 Adjusted EBITDA peaked at 9.8 million dollars (25% of total revenue), an increase of 72% over the same period last year A 94% increase in net profit, which peaked at 6.3 million dollars