MB Rahastot has signed an agreement to sell Kotkamills Group Oyj to Mayr-Melnhof Group, enhancing both companies' positions in the sustainable packaging market.

Information on the Target

Kotkamills Group Oyj is a Finnish forest industry integrator that specializes in the production of packaging and food-grade carton board, as well as laminate-based paper. The company also produces softwood timber and employs approximately 500 people. Since its acquisition by MB Rahastot and co-investors in 2015, Kotkamills has invested €180 million to transform its paper machine located in Kotka into one of the world's most modern carton machines. Launched in 2016, this advanced machine boasts an annual capacity of 400,000 tons, producing both folding boxboard and foodservice board, meeting the growing market demand for sustainable packaging solutions.

With its unique technology and years of product development, Kotkamills has achieved significant competitive advantages in an environment where sustainability is becoming increasingly important to customers and regulators alike. The company has forecasted sales of approximately €380 million for 2020, reflecting its strong positioning within the global carton industry.

Industry Overview in Finland

The Finnish forest industry plays a crucial role in the country's economy, providing thousands of jobs and contributing significantly to export revenues. Finland is known for its sustainable forest management practices, which ensure a steady supply