October 2026
Largest Chemicals Public Companies in Israel
Benchmark revenue and EBITDA valuation multiples for public comps like
ICL Group, Turpaz Industries, Polyram Plastic, Galam and Kafrit Industries.
 | ICL Group Ltd is a manufacturer of products based on minerals. The firm is comprised of four segments: phosphate solutions, potash, industrial products, and growing solutions. These segments all contribute to the company's development of agriculture, food, and engineered material products and services. Maximum revenue is generated from its phosphate solutions segment which uses phosphate commodity products, such as phosphate rock and fertilizer-grade phosphoric acid (green phosphoric acid), to produce specialty products. This segment also produces and markets phosphate-based fertilizers. Geographically, the company generates maximum revenue from Brazil followed by, the United States of America, China, United Kingdom, Germany, Spain, Israel, France, India, Netherlands, and other countries. | $5 | -27% | $6.2B | $9B | 1.3x | 7.7x | ||
| Turpaz Industries Ltd is engaged in the development, production, and marketing of flavor and fragrance extracts for the cosmetics and food industries as well as raw materials for the pharma industry. | $19 | +14% | $2B | $2.3B | 8.2x | 37.5x | ||
| Polyram Plastic Industries Ltd is engaged in the production and distribution of thermoplastic compounds. Also, the company supplies functional polymers including coupling agents, compatibilizers, impact modifiers and adhesive resins. | $3 | -- | $275M | $405M | 1.5x | 12.0x | ||
| Galam Ltd focused on developing, producing, and marketing raw materials, flavors, and food additives. The company's products are sold to several industries: food and beverages, food supplements, pet food, farm animal food, cardboard, paper, adhesives, and more. The group operates in two main areas: FoodTech provides technologies to produce healthy raw materials and food additives with added value that provide various solutions for food and food additive manufacturers, and Others. Industry - produces a variety of raw materials and ingredients, including natural and processed starches, fructose (fruit sugar), and glucose syrup for the food and beverage industry, cardboard and paper, textiles, and other industries. | $2 | -- | $218M | $256M | 1.7x | 13.0x | ||
| Kafrit Industries (1993) Ltd produces and supplies a range of masterbatches and compounds for the plastic industry. Its product line includes polycarbonates sheets, flame retardants masterbatches and film and agricultural film, among others. | $9 | -- | $213M | $347M | 0.8x | 6.9x | ||
| Israel Petrochemical Enterprises Ltd produces and sells polyethylene, polypropylene and polystyrene. It is also involved in the refining of polymers & aromatics, manufacture of petroleum products, products for the petrochemical industry & others. It operates in the energy and petrochemical industry. Its products used in industrial operation, transportation, private consumption, agriculture, and infrastructures. | $2 | -- | $209M | $368M | - | (31.5x) | ||
| Ram-On Investments and Holdings (1999) Ltd is an Israeli public holding and investment company headquartered in Ram-On Gilboa and listed on the Tel Aviv Stock Exchange under ticker RMN. Formerly named Polyram 1999 Ltd, the company retains a materials focus through interests connected to engineering thermoplastic compounds and related technologies. Public filings classify it in the materials and bulk-chemicals sector while also describing its investment activity. Ram-On makes real and financial investments in private and public businesses rather than operating a venture fund for outside limited partners. In April 2017 it led Classoos's USD 2.25 million financing with a USD 1.5 million commitment, demonstrating its direct private-company investment role. Its returns are tied to its corporate holdings, dividends and investment realizations. The company primarily engages with portfolio businesses, industrial counterparties and capital-market participants. | $3 | -- | $53M | $59M | - | - | ||
| Nur Ink Innovations Ltd is engaged in the research and development of water-based inks for digital printers. Some of the products of the company are Direct-to-Garment (DTG), Direct-to-Textile (DTT), Roll-to-roll printing of indoor & outdoor advertising, and wallpapers. | $2 | -- | $11M | $16M | - | - | ||
| Median | $3 | -6% | $216M | $357M | 1.5x | 9.9x |
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