Georgia-Pacific has announced that they will acquire all of the outstanding shares of Buckeye Technologies’ common stock, for $37.50 per share in cash. The transaction, subject to completion, is valued at approximately $1.5 billion, including debt.
Buckeye Technologies, based in Memphis, Tenn., manufactures and markets speciality fibres and non woven materials made from wood and cotton. The company has global sales offices in Beijing, the UK, France, Italy and Switzerland and has approximately 1,200 employees worldwide.
Headquartered in Atlanta, Georgia-Pacific is one of the world’s leading manufacturers and marketers of building products, tissue, packaging, paper, cellulose and related chemicals and is renowned in the industry for its away-from-home washroom products.