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Turpaz Industries has acquired Belgian sweet flavours manufacturer Doucy for $8.5 million.

The deal includes the acquisition of Doucy’s production facility in Fernelmont, Belgium, which also houses the company’s development and application laboratories.

Doucy, founded in 1968, develops and produces sweet flavours for food and beverages, as well as colours and additives for animal feed industry. The company reported sales of $5 million in 2024, with profitability in line with Turpaz’s Taste division.

The acquisition is said to strengthen Turpaz’s presence in Western Europe and expands its sweet-flavours portfolio.

Karen Cohen Khazon, CEO of Turpaz, said: "The acquisition of Doucy is another milestone in Turpaz's global growth strategy. The synergy between Doucy's knowledge and experience in the sweet flavours sector and Turpaz's existing capabilities in the savory sector in Belgium, will allow us to offer our customers an even broader product portfolio and comprehensive, high-quality solutions."

"This is another acquisition in Turpaz's core area that solidifies our position in the global flavours sector. I congratulate the Doucy management who will join Turpaz's management team and continue to lead the company's activities in the coming years, which will ensure business continuity and enable growth and leverage of the synergies between the companies."

Guy Peremans, Doucy CEO, added: "Joining the Turpaz group is a significant milestone for Doucy. Turpaz's capabilities, advanced technology and impressive and unique product portfolio in Europe create a valuable opportunity for Doucy to significantly expand its operations, enhance its technological capabilities, diversify its product portfolio, and strengthen its presence in Benelux."

The deal was financed through bank funding and is expected to have an immediate positive impact on Turpaz’s financial performance.