Acıselsan Acıpayam Selüloz Sanayi ve Ticaret A.Ş. was established in Denizli Acıpayam in 1973 by the local people. Development Bank of Turkey and Vakıflar Bankası A.Ş. (as it is known today) and Acıselsan became partners in 1974. Acıselsan achieved its first export in 1977.

Development Bank of Turkey A.Ş. has transferred its 76.8% shares of Acıselsan to the Privatization Administration in 2010.

In the last quarter of 2011, Verusaturk Girişim Sermayesi Yatırım Ortaklığı A.Ş. won the privatization tender held by the Privatization Administration and purchased 76.8% shares of Acıselsan from the Privatization Administration Presidency on 24th of January; in addition, it purchased 15.2% of Acıselsan shares from Turkey Vakıf Bank T.A.O. Pension Fund and increased its total shares in Acıselsan.

In 2018, 47.3% of shares owned by Verusaturk GSYO were transferred to Verusa Holding A.Ş.