Mayr Melnhof Karton AG to Acquire Kotkamills Group Oyj Call Transcript
(Technical difficulty) already to hand over to Peter Oswald. Peter will give us his insights on yesterday evening's headline.
Yes, thank you very much Stephan. Ladies and gentlemen, I'm very happy that we have finalized the negotiations -- were many difficult and long months and, finally, we have yesterday evening signed this transaction. Before we go into any details about it let me just say a few words. Let's take a step back and say what is it really about.
When I joined Mayr-Melnhof, or even before I joined Mayr-Melnhof, it was pretty obvious that there is a fantastic position in folding carton, there is a very strong position in coated recycled board. But the position in FSB was, let's say, a fairly small one. So, Mayr-Melnhof is in FSB with a production of about 350,000 pounds. It's even the third-biggest player today. But with a long distance to the number one and two who produce several
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