Jul 10, 2012. /Lesprom Network/. OpenGate Capital, a private investment and acquisition company, and the owner of Kotkamills Oy, has sold a minority share (10%) of Kotkamills Oy to Powerflute Oyj. Powerflute is a forest products industry company operating a paper mill in Finland, as the company said in a press release received by Lesprom Network. Andrew Nikou, Chairman of the Board at Kotkamills and OpenGate Capital's Managing Partner and CEO stated, “OpenGate Capital remains the majority owner of Kotkamills and, as such, continues to be very enthusiastic about the business and the recent positive developments. I am proud of Kotkamills and its successes, this will represent another important phase of growth for the business." "As long-term shareholders of Kotkamills, we're confident the alliance between Kotkamills and Powerflute will yield positive results across many aspects of the operations," said Julien Lagreze, Kotkamills board member and Partner at OpenGate Capital. Commenting on the investment, Powerflute’s Chairman Dermot Smurfit said, “We are delighted to have become a shareholder in Kotkamills. We regard this as a strategic investment for Powerflute and look forward to supporting the current owners and management in their efforts to improve the performance of the business and help it to realize its full potential.” Kotkamills is a forest products company based in Finland. The company specialises in laminating paper, matt coated bulky paper and sawn products.