MB Funds is an independent Finnish private equity firm that invests in solid Nordic companies operating in different business sectors.
Managing Partner of MB Funds, Mr. Hannu Puhakka, comments the acquisition: “The work done in Kotkamills during the past few years has been excellent, resulting to a significant growth in the company profitability. As new owners of the company we are ready to invest remarkably in it, and together with the skillful personnel we will be able to develop the company even more competitive.”
Mr. Julien Lagrèze, Partner at OpenGate Capital says, “Since 2010, Kotkamills has undergone a series of transition, stabilization and growth initiatives that enabled the business to adjust to changes in the paper market, respond to demands for eco-friendly products, and mitigate against the continual decline in magazine papers. Through the leadership of Kotkamills’ CEO, Tuija Suur-Hamari, and the entire staff at Kotka, the business of Kotkamills today is extremely well positioned for its next phase of growth under the stewardship of MB Funds.”
