JSC Kappa RUS became the owner of 99.9% of Okulovskaya Paper Mill LLC, having bought out the share from the previous owners – Alexander Osutin and Alexey Vasiliev. Such changes have occurred in the Unified State Register of Legal Entities according to the information system HONEST BUSINESS.
Okulovskaya paper Mill is one of the oldest enterprises of the pulp and paper industry in the country. The factory was founded in 1856. Waste paper is used in the production of paper. In November 2024, the factory completed a modernization program, which resulted in the launch of production of products with improved physical and mechanical characteristics.
The modernization was carried out with the support of the Industrial Development Fund of Russia. The total investment in the project amounted to more than 700 million rubles, of which 254 million rubles were provided by the FRP in the form of a concessional loan. These funds were used to upgrade equipment, automate key processes and introduce modern technologies.
The company's revenue for 2023 amounted to 3 billion rubles, net profit 206 million rubles.
The new owner, JSC Kappa RUS, was formed as a result of the reorganization of JSC SOYUZ Production and Experimental Factory. In May 2017, the company was sold to Smurfit Kappa Packaging Sweden Aktiebolag. In March 2023, the Smurfit Kappa group withdrew from the Russian market, selling 100% of the shares to a Swedish company with one employee, Sverige International Holdings AB. The beneficial owner is Swedish Strom Yun-Ulov Patrick. After this transaction, the company was renamed JSC Kappa Rus. The company is engaged in the production of corrugated packaging, corrugated cardboard containers, corrugated cardboard, and bags with a built-in faucet for filling food products.
Read also in our Telegram channel "Mergers and acquisitions. AK&M».
