Buckeye Cellulose Completes Alpha Acquisition.MEMPHIS Memphis, city, ancient EgyptMemphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Sept. 3, 1996--Buckeye Cellulose Corporation (NYSE NYSE See: New York Stock Exchange : BKI BKI Babbar Khalsa International BKI Kota Kinabalu, Sabah, Malaysia - Kota Kinabalu (Airport Code) BKI Bible Knowledge Institute BKI Brasil Kaffe Import (Danish Coffee Importer) ) today announced that it has completed the purchase of Alpha Cellulose Corporation, Lumberton, NC, effective September 1, 1996. Acquisition of Alpha will increase Buckeye's specialty pulp capacity by approximately 8% and will enhance quality, value and service to specialty pulp customers worldwide. "We are delighted to welcome Alpha to the Buckeye buckeye: see horse chestnut. buckeye Any of about 13 trees and shrubs of the genus Aesculus (family Hippocastanaceae), native to North America, southeastern Europe, and eastern Asia. family," Buckeye CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Robert Cannon stated. "They bring expertise and synergy that complements and strengthens our specialty pulp business." No layoffs or staff reductions are anticipated as a result of the acquisition, and Wayland McAllister, Alpha's president, will join the Buckeye management group reporting directly to David Ferraro, Buckeye President. Buckeye is a leading manufacturer and marketer of high-quality specialty cellulose pulps. The Company has facilities in the US and Europe. Its products are sold worldwide. CONTACT: Buckeye Cellulose, Memphis Media contact: Neil O'Brien, 901/320-8397 or Financial contact: Kris Matula, 901/320-8588 |
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