JERUSALEM, Sept 6 (Reuters) -
* Israeli flavour and fine ingredients company Frutarom Industries said on Wednesday it bought a 51 percent stake in local company Turpaz Perfume and Flavor Extracts.
* Frutarom said the deal valued Turpaz at about $15.1 million. It paid about $4.1 million for the shares and injected a further $7.6 million into the company.
* For the 12 months ending June 2017, Turpaz had turnover of some $6.2 million and showed higher profitability that Frutarom’s flavours division, into which it will be consolidated, Frutarom said. (Reporting by Ari Rabinovitch)