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Frutarom acquires control of fragrance company Turpaz at a company value of US$15.1m

Frutarom has announced that it has signed an agreement for the purchase of 51 percent of the shares of the Israeli company Turpaz Perfume and Flavor Extracts Ltd at an overall cash-free debt-free company value of NIS 53.7 million (approx. US$15.1 million). The move is Frutarom's seventh acquisition of the year and continues the company’s implementation of its rapid and profitable growth strategy.

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