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Georgia-Pacific, Atlanta, GA, has agreed to acquire Buckeye Technologies Inc., Memphis, TN, a manufacturer of specialty fibers and nonwoven materials made from wood and cotton. The acquisition will provide the company’s GP Cellulose business with a complementary product portfolio aligned with its strategy to operate in the growing specialty pulp business.
The acquisition includes all outstanding common stock of Buckeye Technologies, as well as its five manufacturing facilities, global sales offices and 1,200 employees. Manufacturing assets include a specialty pulp mill at Perry, FL; cotton cellulose mills at Memphis,TN, and Lumberton, N.C.; and mills producing nonwovens at Mt. Holly, NC, and Steinfurt, Germany.
Buckeye Technologies also has global sales offices in Beijing, the UK, France, Italy and Switzerland.