Printer Friendly

Buckeye Cellulose Completes Alpha Acquisition.

MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 3, 1996--Buckeye Cellulose Corporation (NYSE: BKI) 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 family," Buckeye CEO 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
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 3, 1996
Previous Article:Avid Technology names William L. Flaherty vice president of finance and chief financial officer.
Next Article:New Model First to Support AGP Standard; Logic Modeling's new AGP, USB and Ethernet Models Ease Task of Complying with Industry Standards.

Related Articles
Buckeye Steel Receives Initial Approval for Financial Assistance from State, City.
New options in natural-fiber reinforced composites. (Keeping Up with Composites).
Purified cellulose fibers show promise in reinforced thermoplastics. (Close-Up: Additives).
Influence of cooking variables in the organosolv pulping of wheat straw using mixtures of ethanol, acetone, and water.
TAPPI JOURNAL summaries.
Dow Chemical to acquire Wolff Walsrode.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters