Buckeye Completes Sale of Cotton Cellulose Pulp Plant in Brazil

Jun. 19, 2012 - Buckeye Technologies said 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.

Buckeye 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.

SOURCE: Buckeye Technologies Inc.

See related stroy:
» Buckeye to Close Cotton Linter Pulp Production Line in Brazil (1/12/2012)