Eagle Industries Oy has signed an agreement to acquire Kotkamills Oy from OpenGate Capital, marking a return to domestic ownership for the Finnish forest industry company.

Target Company Overview

Kotkamills Oy is a Finnish forest industry company with a rich history spanning over 140 years. The company specializes in the production of laminate paper, impregnated products, magazine paper, and sawn products. With two production facilities located in Finland and a subsidiary in Malaysia, Kotkamills employs approximately 500 staff members, the majority of whom are based in Finland. In 2014, the company reported a revenue of €262 million.

The sale of Kotkamills represents a significant return to domestic ownership after several years under foreign control. The company was acquired by OpenGate Capital from Stora Enso, and the current acquisition marks a positive shift, enhancing its growth opportunities under local investment leadership.

Industry Overview in Finland

The Finnish forest industry is an integral part of the country’s economy, contributing significantly to export revenue and employment. The sector benefits from Finland's vast forest resources, ensuring a continuous supply of timber,