September 2026
Largest Paper & Forest Products Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Lila Kagit, Kartonsan, Alkim Kağıt, Europap Tezol Kağıt and ORMA.
 | Lila Kagit Sanayi Ve Ticaret AS activities are sales to domestic and export markets, the production of jumbo rolls (tissue paper), and converting products. Its other activities include textile products (yarn dying) and energy generation. The company sells its products under brands like Sofia, Maylo, Ultra Berrak, Nua, and Nua Professional. Geographically, the company generates maximum revenue from Turkey, followed by England, Romania, the USA, Canada, Croatia, Morocco, Ukraine, and other countries. | $1 | -11% | $316M | $204M | 0.7x | 7.1x | ||
| Kartonsan Karton Sanayi ve Ticaret AS is a Turkey-based company engaged in producing and trading of coated cardboard from recycled paper. Business activity of the group is operated through Ukraine, Bulgaria, Spain, Greece, Portugal, and Italy. Its portfolio includes product such as Normprint, Exprint and Luxtriplex, Normprint is multi-coated grey-backside cardboard with a blade top coat, which is used as a packaging material; Exprint, used in all types of packaging and detailed graphic printing and Luxtriplex, multi-coated cardboard with white backside which is ideal for all types of packaging, especially for food, cosmetics, pharmaceuticals. Kartonsan derives revenue through the sale of the products. | $2 | -- | $174M | $183M | 2.2x | (10.8x) | ||
| Alkim Kagit Sanayi ve Ticaret AS is a Turkey-based company engaged in the manufacture of paper and paper products. The company's main products are wood-free offset papers, coated papers, office papers and special papers. Alkim Kagit Sanayi ve Ticaret AS sells most of its products in the turkey market. It exports to over 25 countries, especially in Europe. In addition, the Balkan countries, Russia and Africa are part of the company's customer portfolio. Its wood-free offset, coated and office papers are produced in Alkim Paper Production Plants. The firm operates a cogeneration plant that meets its energy requirements. | $0 | -- | $102M | $107M | 1.8x | 67.1x | ||
| Europap Tezol Kagit Sanayi Ve Ticaret AS is engaged in producing napkins, toilet paper, and kitchen towels from the semi-finished cleaning papers in the form of bobbins procured from outside Turkey. | $0 | -- | $80M | $59M | 0.5x | 7.8x | ||
| Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS is a Turkey-based company engages in the production of timber products. It produces particleboard, E1 chipboard, and melamine coated chipboards. | $2 | -- | $67M | $132M | 1.4x | 6.6x | ||
| Konya Kagit Sanayi Ve Ticaret AS is engaged in the manufacturing of paper and related products. It offers Coil Paper, Size Paper, Copy Paper, and Note Book. The company also owns carton packaging facilities. | $0 | -- | $61M | $61M | 0.9x | (20.2x) | ||
| Sumas Suni Tahta VE Mobilya Sanayi AS is engaged in the manufacture of paper. The company produces water-resistant green board and fire-resistant chipboard products. Its product is used in roofing, shingle underlay, flooring, construction of nurse resistant, flat and insulated surfaces, and shop construction and decoration and others. | $4 | -- | $26M | $23M | 1.9x | 133.8x | ||
| Viking Kagit Ve Seluloz AS manufactures and sells semi-finished and finished paper products. It offers paper towels, napkins, facial tissues, tissue paper, printing, laminating and wrapping paper under the brand Premia, Lily, Senso, and Select. | $0 | -- | $15M | $69M | 4.4x | 7.3x | ||
| Median | $0 | -11% | $73M | $88M | 1.6x | 7.2x |
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