MEMPHIS, Tenn.--(BUSINESS WIRE)--Jun. 18, 2012--
Buckeye Technologies Inc. (NYSE:BKI) today announced that it has
completed the sale of its Brazilian subsidiary Buckeye Americana Ltda.
to Vicunha Participacoes S.A. Net cash proceeds from the sale were $6.4
million. The Company ceased production of cotton cellulose pulp at the
Americana, Brazil facility in December 2011, but had continued to
operate its waste water treatment facility for the shared industrial
site.
Buckeye, a leading manufacturer and marketer of specialty fibers and
nonwoven materials, is headquartered in Memphis, Tennessee, USA. The
Company currently operates facilities in the United States, Germany and
Canada. Its products are sold worldwide to makers of consumer and
industrial goods.
Source: Buckeye Technologies Inc.
Buckeye Technologies Inc.
Steve Dean, 901-320-8352
Sr. Vice
President and Chief Financial Officer
or
Shirley Spears,
901-320-8125
Investor Relations
www.bkitech.com
