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TWST: We'd like to begin with a brief historical sketch of Buckeye
Technologies and a picture of the things you're doing at the present
time.
Mr. Crowe: We were established as a management buyout in 1993 and were
previously a part of Procter & Gamble. Procter & Gamble made a decision
to exit the industrial businesses and sold part of our business to
Weyerhaeuser. The Buckeye management team, along with a venture capital
group, purchased the specialty operations, which included two facilities
' a cotton linter pulp facility here in Memphis, and a wood facility in
Perry, Florida. We had about 1,100 employees at that time. Since then,
we have grown to eight manufacturing facilities located around the
world, where we employ approximately 1,650 people. TWST: It's a little tricky to compare you to other companies because
you're progressing somewhat differently.
Mr. Crowe: Yes, we are. It's difficult to find a company that compares
to us, because we specialize in small niche markets, and oftentimes, our
competitors in each of those markets are not the same. We are unique in
that we focus on technically demanding markets; we have considerable
expertise in cellulose technology and manufacturing skills, so we can
make products that are tailored to meet individual customer needs.
Tickers included in this excerpt: BKI
For more information call (212) 952 7433. The
Wall Street Transcript does not endorse any of the comments made by interviewees, and does
not make stock recommendations.
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