{"id":52720,"date":"2024-11-13T12:33:21","date_gmt":"2024-11-13T10:33:21","guid":{"rendered":"https:\/\/www.fyb.de\/turpaz-industries-acquires-schumann-sohn-food-flavorings\/"},"modified":"2024-11-13T12:34:04","modified_gmt":"2024-11-13T10:34:04","slug":"turpaz-industries-acquires-schumann-sohn-food-flavorings","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/turpaz-industries-acquires-schumann-sohn-food-flavorings\/","title":{"rendered":"Turpaz Industries acquires Schumann &amp; Sohn food flavorings"},"content":{"rendered":"<p>Israel \u2014 A HEUKING team led by part\u00adner Dr. Marc Scheu\u00adne\u00admann has advi\u00adsed Turpaz Indus\u00adtries Ltd. (\u201cTurpaz\u201d) on the acqui\u00adsi\u00adtion of a German food flavoring company. A wholly owned subsi\u00addiary of Turpaz signed an agree\u00adment to acquire 100% of the shares in Schu\u00admann &amp; Sohn GmbH (\u201cSchu\u00admann\u201d). The purchase price amounts to appro\u00adxi\u00adm\u00adately EUR 10.7 million. The tran\u00adsac\u00adtion was comple\u00adted at the time of signing and was finan\u00adced by a bank loan. Schu\u00admann, foun\u00added in 1948, has expe\u00adri\u00adence and exper\u00adtise in the field of flavors and is active in the deve\u00adlo\u00adp\u00adment, produc\u00adtion and marke\u00adting of flavors and quality solu\u00adti\u00adons for the food indus\u00adtry and food supple\u00adments. Schu\u00admann opera\u00adtes a produc\u00adtion, R&amp;D, appli\u00adca\u00adtion and distri\u00adbu\u00adtion site in Karls\u00adruhe, Germany. Schu\u00admann has a broad custo\u00admer base, mainly in the German market. Turpa\u00adz\u2019s entry into the German flavor market is a further step in streng\u00adthening Turpa\u00adz\u2019s leader\u00adship posi\u00adtion and estab\u00adli\u00adshing its presence in Europe. Schu\u00adman\u00adn\u2019s busi\u00adness is highly syner\u00adgi\u00adstic with Turpa\u00adz\u2019s busi\u00adness and is expec\u00adted to enable Turpaz to streng\u00adthen its product offe\u00adring and capi\u00adta\u00adlize on cross-selling oppor\u00adtu\u00adni\u00adties, both by expan\u00adding its custo\u00admer base and broa\u00adde\u00adning its product port\u00adfo\u00adlio. Turpaz Indus\u00adtries Ltd. is an Israel-based company opera\u00adting as a chemi\u00adcal manu\u00adfac\u00adtu\u00adrer. Turpaz Indus\u00adtries Ltd. opera\u00adtes inde\u00adpendently and through subsi\u00addia\u00adries in Israel, the USA, Asia and Europe in four fields of acti\u00advity (fragran\u00adces, flavors, phar\u00admaceu\u00adti\u00adcals and specialty ingre\u00addi\u00adents). Turpaz Indus\u00adtries Ltd. is listed on the Tel Aviv Stock Exch\u00adange. <strong>Advi\u00adsors to Turpaz Indus\u00adtries Ltd. HEUKING:<\/strong><br>\nDr. Marc Scheu\u00adne\u00admann, LL.M. (lead), D\u00fcsseldorf\/Frankfurt,<br>\nDr. Chris\u00adtian Appel\u00adbaum (adver\u00adti\u00adsing&nbsp;law),<br>\nDr. Timo Piller (corpo\u00adrate),<br>\nChris\u00adtoph Hexel (employ\u00adment&nbsp;law),<br>\nDr. Tilman Span\u00adcken (real estate law), all D\u00fcsseldorf,<br>\nMoni\u00adque Sandidge (employ\u00adment&nbsp;law),<br>\nDr. Markus Collisy, Maxi\u00admi\u00adlian Dehnert (both regu\u00adla\u00adtory), all Frankfurt<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Israel \u2014 A HEUKING team led by part\u00adner Dr. Marc Scheu\u00adne\u00admann has advi\u00adsed Turpaz Indus\u00adtries Ltd. (\u201cTurpaz\u201d) on the acqui\u00adsi\u00adtion of a German food flavoring company. A wholly owned subsi\u00addiary of Turpaz signed an agree\u00adment to acquire 100% of the shares in Schu\u00admann &amp; Sohn GmbH (\u201cSchu\u00admann\u201d). The purchase price amounts to appro\u00adxi\u00adm\u00adately EUR 10.7 [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":52718,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369],"tags":[],"class_list":["post-52720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Turpaz Industries acquires Schumann &amp; Sohn food flavorings - FYB Financial Yearbook<\/title>\n<meta name=\"description\" content=\"Israel - A HEUKING team led by partner Dr. Marc Scheunemann has advised Turpaz Industries Ltd. on the acquisition of a German food flavoring company. 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