Kotkamills Oy to be sold to a company founded by MB Funds

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Picture: Kotkamills Oy

Kotkamills Oy is a Finnish forest industry company with a long tradition of over 140 years in the business. Its products include laminating base papers, impregnated products, magazine papers and sawmill products. Kotkamills has two production facilities in Finland, and one facility on Malaysia. The company has approximately 500 employees, with a majority located in Finland. The turnover of Kotkamills Oy was 262 million euros in 2014.

“Kotkamills Oy has gone through a major development in recent years since OpenGate Capital acquired the company from Stora Enso. It has also considerably strengthened its market position as an independent company. For Kotkamills Oy, the announced ownership change is a positive boost, as it will open further growth opportunities backed by a Finnish private equity firm”, says Tuija Suur-Hamari, the Managing Director of Kotkamills Oy.

”Kotkamills Oy is a market leader in laminating papers in Europe. The company has an outstanding expertise in forest industry, and our aim is to develop and strengthen the company’s businesses in chosen segments substantially. Eagle Industries is ready to invest considerably into this development”, states Hannu Puhakka, Managing Partner of MB Funds.

“Our investment promotes the renewal of traditional Finnish industry, which is one of the aims of our Investment programme for industrial renewal. Meanwhile, the company’s financial basis and competitiveness strengthen and it returns to Finnish ownership”, says Kimmo Viertola, Investment Director of Finnish Industry Investment.

For further information, please contact:

Managing Partner Hannu Puhakka, MB Funds,
tel. +358 9 1310 1352, +358 50 511 3917

Managing Director Tuija Suur-Hamari, Kotkamills Oy,
tel. +358 40 529 6912

Investment Director Kimmo Viertola, Finnish Industry Investment Ltd, tel. +358 50 309 2734

MB Funds is a Finnish private equity investor, with investment commitments from prime Finnish institutions. MB Funds has a successful track record of developing Finnish companies for over 25 years. www.mb.fi

Kotkamills is a responsible partner that delivers renewable products and performance to its customers’ processes via product innovations created from wood, a renewable raw material. The key brands include Absorbex® and Imprex®, both innovative laminating paper products for the laminate, plywood and construction industries, and Solaris®, a high bulk, efficient coated printing paper for quality publications. Moreover, Kotkamills also offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. www.kotkamills.com

Finnish Industry Investment Ltd is a government-owned investment company that promotes Finnish business, employment and economic growth through venture capital and private equity investments. Finnish Industry Investment invests in private equity funds and also directly in growth companies together with private investors and on the same terms as them. The investments of Finnish Industry Investment amount to MEUR 900. Directly and through funds our portfolio currently comprises 510 companies employing over 50,000 people. www.industryinvestment.com and @TesiFII.