Federal Compress & Warehouse Company operates several storage facilities for cotton farmers. The company sells storage space to cotton farmers, who use that space to store bails of cotton before it is marketed and distributed. Federal Compress & Warehouse Company is involved solely in the storage of the cotton and does not deal in the marketing or distribution of it. The company operates approximately 14 warehouses throughout Tennessee, Mississippi and Arkansas. Federal Compress & Warehouse Company is privately-owned, with no parent, sister or subsidiary companies, and maintains its corporate headquarters in Memphis, Tenn. The company has been in business for more than 100 years.