Business
SK Capital Partners Completes the Sale of Phoenix Flavors & Fragrances to Turpaz Industries
NORWOOD, N.J., May 04, 2026--Affiliates of funds advised by SK Capital Partners, LP ("SK Capital"), a private investment firm focused on the material sciences, specialty ingredients, and life sciences sectors, announced today that it has completed the sale of Phoenix Flavors & Fragrances Inc. ("Phoenix" or the "Company") to Turpaz Industries Ltd (TLV: TRPZ), a global developer, manufacturer, and marketer of specialty fragrance, flavor, and natural ingredient solutions for consumer and industrial
About this update from Turpaz Industries Ltd
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2421,"height":521,"url":"https://media.zenfs.com/en/business-wire.com/ab06c22c31401c820098bc66930b8e49"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Ew0x9dtdZOw0po3r9dg2EQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTIwNw--/https://media.zenfs.com/en/business-wire.com/ab06c22c31401c820098bc66930b8e49","width":960,"height":207},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/VSspxuLVQFdcqYrPY2s0tA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD01MTY-/https://media.zenfs.com/en/business-wire.com/ab06c22c31401c820098bc66930b8e49","width":1200,"height":258}},"lazy":false},{"type":"text","content":"NORWOOD, N.J., May 04, 2026--(BUSINESS WIRE)--Affiliates of funds advised by SK Capital Partners, LP ("SK Capital"), a private investment firm focused on the material sciences, specialty ingredients, and life sciences sectors, announced today that it has completed the sale of Phoenix Flavors & Fragrances Inc. ("Phoenix" or the "Company") to Turpaz Industries Ltd (TLV: TRPZ), a global developer, manufacturer, and marketer of specialty fragrance, flavor, and natural ingredient solutions for consumer and industrial applications. Phoenix will join Turpaz’s expanding portfolio of companies serving the flavors and fragrances market, strengthening its presence in North America and enhancing its global capabilities.","length":751,"tagName":"p"},{"type":"text","content":""We are proud of the progress the Phoenix team has made during our partnership," said Mario Toukan, Managing Director of SK Capital. "Phoenix has meaningfully strengthened its commercial and operational foundation, and we are confident that Turpaz will be an excellent partner for its next stage of growth. We thank the Phoenix team for their dedication and wish them continued success."","length":407,"tagName":"p"},{"type":"text","content":"Phoenix Flavors & Fragrances, headquartered in Norwood, NJ, develops and manufactures customized flavor and fragrance solutions for customers across food & beverage, personal care, and industrial applications. During SK Capital’s ownership, the Company benefited from investments in its leadership, organizational buildout, production capabilities, and operational inf...