Turpaz acquires Phoenix Flavors & Fragrances for $95M in single-day transaction

May 1, 2026 — Israeli fragrance group Turpaz Industries (TASE: TRPZ) closed its largest-ever acquisition, buying Phoenix Flavors & Fragrances (Norwood, NJ) from SK Capital Partners for $95M plus up to $5M contingent — financed entirely from its own resources. Phoenix posted $36.8M in 2025 revenue and $6.9M adjusted EBITDA. Turpaz disclosed it is in discussions on a ~$200M Japan acquisition. Phoenix sits at the supply layer powering 'natural fragrance' and 'essential oil blend' label claims — the exact documentation infrastructure that becomes a compliance dependency under the EU's 82-allergen framework binding July 31.