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Buckeye Completes Sale of Cotton Linter Mill in Brazil to Vicunha Participacoes

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Buckeye Technologies Inc., Memphis, Tenn., USA, this week 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 wastewater treatment facility for the shared industrial site.

Buckeye, a producer and marketer of specialty fibers and nonwoven materials, currently operates facilities in the U.S., Germany, and Canada.

 

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