31 May, 2016

Q1/2016 Interimreport

Kotkamills Group Oyj (established as  Eagle Industries Oy, name changed) is the parent company of Kotkamills Oy, a Finnish forest industry company with a long tradition of over 145 years in the business. The company is majority-owned by a Finnish private equity company MB Funds. Other owners are Nordic Mezzanine, Elo Mutual Pension Insurance Company, Finnish Industry Investment and company management.

Kotkamills Group Oy was established in early 2015. The company signed on March 5th 2015 an agreement to acquire 100 % of the shares in Kotkamills Oy from OpenGate Capital. On February 22, 2016 the company was registered as Kotkamills Group Oyj.
 


Kotkamills Group in brief

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. One of the key brands of the company is Absorbex, an innovative laminating paper product for the laminate, plywood and construction industries. Moreover, Kotkamills offers ecological, technically sound and visually attractive wood products for demanding joinery and construction. In summer 2016, Kotkamills started up a new board machine producing AEGLE(TM) Folding Boxboard and ISLA(TM) Food Service Boards, including the capability to add barriers on-machine. All Consumer Board material solutions are fully recyclable and repulpable.

Kotkamills has two production sites in Finland, located in Kotka and Imatra. The majority shareholder of Kotkamills is MB Funds, a Finnish private equity firm.

The company has approximately 500 employees. The turnover of Kotkamills Group Oyj was 219 million euros in 2016.

For more information on Kotkamills Oy.

 
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