Wednesday, April 1, 2015 11:15 am

The competition authorities have approved the transaction and Eagle Industries Oy has closed its acquisition of Kotkamills Oy from OpenGate Capital, the company said this week.

In the acquisition it has been agreed that Tuija Suur-Hamari will leave her position as CEO of Kotkamills Oy. Mrs. Suur-Hamari has made a successful career in the company developing the business significantly during recent years. Independent Kotkamills Oy has kept its market position through challenging economic times.

Managing Director of Eagle Industries Oy, Ph.D. (Eng.) Markku Hämäläinen has been appointed new CEO of Kotkamills Oy.