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Eagle Industries closes transaction of Kotkamills Oy

As announced on March 5th, 2015, Kotkamills Oy has a new owner. The company has now returned to full Finnish ownership. Eagle Industries Oy was founded for this acquisition.

Eagle Industries Oy is owned by MB Funds, Nordic Mezzanine, Elo Mutual Pension Insurance Company, Finnish Industry Investment and company management. MB Funds is the majority shareholder.

The competition authorities have approved the transaction and Eagle Industries Oy has closed its acquisition of Kotkamills Oy from OpenGate Capital on March 24th, 2015.

In the acquisition it has been agreed that Tuija Suur-Hamari will leave her position as CEO of Kotkamills Oy. Mrs. Suur-Hamari has made a successful career in the company developing the business significantly during recent years. Independent Kotkamills Oy has kept its market position through challenging economic times and we thank Tuija Suur-Hamari for her work done in developing the company.

Managing Director of Eagle Industries Oy, Ph.D. (Eng.) Markku Hämäläinen has been appointed new Chief Executive Officer (CEO) of Kotkamills Oy, effective as of March 25th, 2015.

Under the new ownership Kotkamills Oy looks forward to continue the good co-operation with its customers and suppliers. The company will keep on producing sustainable quality products to meet customer requirements and maintain its active role in the business.

 


Further information:
Markku Hämäläinen, CEO of Eagle Industries and Kotkamills Oy, tel. +358 40 721 0548.



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. Our 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

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