Turpaz Industries Ltd signed an agreement to acquire a 65% stake in Aromatique Food Srl for RON 17 million on October 12, 2022. The agreement Includes an option to purchase the remaining shares of the company exercisable starting January 2025. Apart from RON 17 million, Turpaz Industries Ltd will also pay future consideration based on Aromatique's business performance during the second half of 2022. Completion of the deal is expected in the fourth quarter of 2022.

Turpaz Industries Ltd completed the acquisition of 65% stake in Aromatique Food Srl on January 9, 2023.