Turpaz buys 70% of South Africa's Sensory FX for $10.6M

Turpaz Industries, through its South African unit Sunspray Solutions, acquired 70% of Sensory FX, a private South African flavor and fragrance developer, for about $10.6 million (ZAR 177.4 million) plus performance-based consideration. Existing shareholders keep 30% under mutual put/call options.

Why it matters: It marks Turpaz's first entry into South Africa's fragrance market.