MB Funds Finalizes Purchase of OpenGate's Kotkamills
March 25, 2015
MB Funds has completed its acquisition of Kotkamills, a manufacturer of specialty papers and wood-based products, from OpenGate Capital. Known for products under the Absorbex, Imprex and Solaris brands, the company grew its EBITDA from slightly negative to double digits during the holding period. OpenGate had owned it since July 2010.