Pak group

What Pak group does

Pak Group (legal entity Pak Holding A.Ş.) is a privately-held Turkish industrial conglomerate headquartered in Istanbul (Beşiktaş) that operates across four sectors: food, packaging, agriculture, and commercial real estate. The group's modern industrial form dates to 1973, when Dr. Engin Pak founded Pakmaya and built the first yeast factory in İzmit; roots trace to a 1923 pharmaceutical laboratory and the 1950s transition to industrial manufacturing. It employs more than 2,000 people across more than ten operating subsidiaries and exports to over 130 countries.

The food segment centers on yeast and bakery ingredients through Pakmaya (Turkey's leading yeast brand, with factories in İzmit, İzmir, Düzce), As Gıda (bakery ingredients), Pak Gıda (yeast manufacturing), Pak Ihracat (dedicated export operations since 1980), Rompak (the only yeast producer in Romania), and Bellarise (North American brand serving USA, Canada, and Mexico since 2012). The packaging segment comprises Kartonsan (Turkey's leading coated cardboard producer at 240,000 tons/year, publicly traded on BIST under KARTN), Intermat (flexible packaging for food and healthcare from a 35,000 sq m Istanbul facility), MEL S.A. (the only coated cardboard producer in Greece at 120,000 tons/year), and Selka (Turkish distribution). Integro, founded in 2007, applies the group's fermentation biotechnology to feed ingredients and bio-fertilizers, and Ece Ticari Gayrimenkul manages commercial property (197,000 sq m rentable across 15 properties).

The business model is predominantly B2B industrial sales executed through direct field sales and regional operating entities, with quote-based negotiated pricing and multi-year contracts. R&D is conducted through PAKBIOMER (biotechnology), FAGEM (bakery and patisserie), and the PUM application center, supporting proprietary fermentation technology and patented agricultural ranges. Revenue is diversified across food ingredients, coated cardboard, flexible packaging, agricultural inputs, and commercial property rental, with Kartonsan's BIST listing providing the only public capital-market visibility into a subset of the group.

Name

Pak group

Legal name

Pak Holding A.Ş.

Website

https://pakgroup.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pak Group is a privately-held Turkish industrial conglomerate operating across food (yeast and bakery ingredients via Pakmaya, As Gıda, Bellarise, Rompak), packaging (Kartonsan coated cardboard, Intermat flexible packaging, MEL S.A.), agriculture (Integro biotech feed and fertilizers), and commercial real estate (Ece), employing 2,000+ across 130+ countries.

Ownership category

akta.pro rank

Product category

Diversified Industrial Manufacturing (Yeast, Coated Cardboard, and Flexible Packaging)

NAICS

Food Manufacturing (311)

SIC

Food And Kindred Products (2000)

akta.pro primary industry

Baking Ingredients & Desserts (Flour, Mixes, Frosting, Gelatin) (CRADAAAD)

Keywords

• Yeast production
• Bakery ingredients
• Coated cardboard
• Flexible packaging
• Agricultural biotechnology

Headquarters

HQ city

Besiktas

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Food Products (Yeast and Ingredients): Revenue from manufacturing and sale of fresh and dry yeast, bakery ingredients, mixes, and dough conditioners under Pakmaya, As Gıda, and Bellarise brands. Products sold to industrial bakeries, patisseries, flour mills, and consumer retail.
2. Packaging Products: Revenue from coated cardboard and flexible packaging manufacturing. Kartonsan produces 240,000 tons annually of coated cardboard; MEL S.A. produces 120,000 tons annually. Intermat produces flexible packaging for food and healthcare industries from 35,000 sq m Istanbul facility.
3. Agricultural Products (Feed and Fertilizers): Revenue from innovative feed raw materials, specialty feed ingredients, and bio-fertilizers produced by Integro using Pak Group's biotech know-how. Patented product ranges developed for different customer needs and regions.
4. Commercial Real Estate: Revenue from rental of commercial properties and property management services. Ece Commercial Properties manages 197,000 sq m rentable space on 233,000 sq m covered area across 15 properties, including 780,000 sq m of total real estate managed.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Pak Group manufactures and sells yeast (fresh and dry), bakery ingredients, mixes, and dough conditioners through its Pakmaya, As Gıda, Pak Gıda, Rompak, and Bellarise brands to industrial and artisan bakeries, flour mills, and retail food markets globally. The group also produces coated cardboard (Kartonsan, MEL S.A., Selka) and flexible packaging (Intermat) for food and healthcare industries, develops patented feed raw materials and bio-fertilizers (Integro) using its proprietary fermentation biotechnology, and manages 780,000 sq m of commercial real estate through Ece Ticari Gayrimenkul. Operations span Turkey, Romania, Greece, and North America, with exports to 130+ countries.

Product overview

Pak Group is a Turkish conglomerate operating across four sectors: Food, Packaging, Agriculture, and Real Estate. The Food sector includes Pakmaya (flagship yeast and bakery brand established 1973), As Gıda (bakery ingredients), Pak İhracat (export operations to 130+ countries), Pak Gıda (yeast manufacturing with plants in İzmit, İzmir, Düzce), Rompak (Romania-based yeast production), and Bellarise (North American operations). The Packaging sector comprises Kartonsan (Turkey's leading coated cardboard producer), Intermat (flexible packaging for food and healthcare), Selka (coated cardboard distribution), and Mel S.A. (Greek coated cardboard producer). The Agriculture sector includes Integro (biotech company producing feed ingredients and bio-fertilizers using fermentation technology). The Real Estate sector features Ece Ticari Gayrimenkul (commercial property management). The group employs 2000+ people and exports to 130+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Pakmaya: Turkey's leading yeast brand since 1973, producing fresh and dry yeast for industrial and consumer use, along with bakery ingredients.
• Bellarise
• Integro
• Kartonsan
• Intermat
• MEL S.A.
• Selka
• Ece Ticari Gayrimenkul
• Pak Gıda
• As Gıda
• Pak Ihracat

Products and services

• Pakmaya Yeast and Bakery Ingredients Pakmaya produces fresh and dry yeast for industrial and consumer use, along with bakery ingredients, mixes, and dough conditioners for industrial bakeries, patisseries, flour mills, and retail food markets.
• As Gıda Bakery Ingredients As Gıda produces ingredients including raw materials, finished products, developers, and additives for industrial bakeries, patisseries, flour mills, and consumer goods, with a focus on quality and food safety through investments and R&D programs.
• Pak Gıda Food Production Pak Gıda operates yeast plants in İzmit, İzmir, and Düzce producing fresh and dry yeast for industrial and consumer use as Pak Group's core yeast manufacturing entity.
• Pak Ihracat Export Services Pak Ihracat is Pak Group's dedicated export company handling international distribution of food products, including yeast and bakery ingredients, reaching over 130 countries with innovative products and competitive pricing.
• Rompak Yeast Production (Romania) Rompak is a yeast production facility in Romania operating as the only yeast producer in Romania, serving domestic Romanian and broader European markets as Pakmaya's fourth yeast factory.
• Bellarise North American Bakery Ingredients Bellarise is Pak Group's North American brand under Pak Group LLC, offering yeast and non-yeast bakery products including ingredients, mixes, and dough conditioners for USA, Canada, and Mexico markets.
• Kartonsan Coated Cardboard Kartonsan is Turkey's leading coated cardboard producer and one of the largest in Europe, with annual production of 240,000 tons serving most of Turkey's domestic coated cardboard demand and exporting to over 30 countries. Shares are traded on BIST National Index under ticker KARTN.
• Intermat Flexible Packaging Intermat is a flexible packaging producer for food and healthcare industries, operating from a 35,000 sq m Istanbul facility and holding HACCP, GMP, BRC, PM, AIB, SEDEX, and ISO 22000 certifications.
• MEL S.A. Coated Cardboard (Greece) MEL S.A. is the only coated cardboard producer in Greece, based in Thessaloniki, with annual production of 120,000 tons. It exports 50 percent of production to the Balkans, EU, and North Africa, and is among the leading recycled cardboard producers in those regions.
• Selka Coated Cardboard Distribution Selka is a coated cardboard product and service supplier in the Turkish market, distributing Kartonsan and MEL products domestically with a focus on fast and reliable customer service.
• Integro Agricultural Biotechnology Products Integro produces patented feed raw materials, specialty feed ingredients providing productivity gains and cost savings to livestock producers, and bio-fertilizers for farmers using Pakmaya's proprietary fermentation biotechnology. Operations are based in İzmit.
• Ece Ticari Gayrimenkul Commercial Real Estate Ece Ticari Gayrimenkul manages 15 commercial properties with 197,000 sq m of rentable space on 233,000 sq m of covered area across Istanbul, Izmir, and Ankara, including 7 properties in industrial zones; the portfolio totals 780,000 sq m of managed real estate.

Quantifiable outcome

• Reaches millions of consumers worldwide through sustainable, innovative, high-quality food products
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lesaffre: World's largest yeast producer headquartered in France, with bakery ingredients, fermentation, and biotechnology operations. Directly comparable to Pakmaya/Rompak yeast production and global bakery ingredient distribution model.
• Lallemand: Canadian-headquartered global yeast and fermentation specialist with bakery, nutrition, and agricultural biotechnology applications. Comparable fermentation technology platform and cross-sector biotech strategy (yeast, animal nutrition, biofuels).
• AB Mauri: Yeast and bakery ingredients arm of Associated British Foods, with global production footprint. Direct competitor to Pakmaya in industrial yeast and comparable global distribution via branded and private-label channels.
• Angel Yeast: China-based global yeast manufacturer with yeast, bakery ingredients, and biotechnology product lines. Comparable scale and integrated yeast-to-ingredients portfolio.
• Mondi: European packaging and paper group with significant recycled/containerboard capacity. Comparable to Kartonsan and MEL S.A. in coated/recycled cardboard and to Intermat in flexible packaging for food customers.
• Smurfit Kappa: Global paper-based packaging leader with European production footprint. Direct comparable to Kartonsan/MEL recycled cardboard operations and pan-European customer reach.

Broad incumbents

• Kerry Group: Global taste and nutrition company with strong bakery ingredients portfolio. Overlaps with As Gıda and Bellarise ingredient offerings but operates at much broader scale across food and beverage end markets.
• DSM-Firmenich: Global nutrition, health, and ingredients company with fermentation-derived specialties. Comparable biotech R&D scale and cross-sector ingredient portfolio adjacent to Pak Group's food and agricultural biotechnology ambitions.
• Cargill: Global agribusiness and food ingredient conglomerate with animal nutrition and agricultural inputs. Comparable diversification across food ingredients and agricultural solutions, similar in scale to Pak Group's conglomerate breadth.
• Archer Daniels Midland (ADM): Global food processing and ingredient supplier with animal nutrition, specialty ingredients, and agricultural solutions. Comparable breadth across food and agricultural value chains to Pak Group's yeast/agriculture segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pakgroup

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pak group