Weyerhaeuser is purchasing 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for $149 million. The acquisition comprises highly productive timberlands in southwest Alabama, 100 miles north of Mobile.
Weyerhaeuser points to the well-stocked timber inventory, including 76% plantation acreage with average age of 14 years, and an opportunity for increased productivity over time
“These timberlands are located in favorable markets and well-integrated with our existing supply chain, and we have strong relationships with a diverse and reliable set of customers in the area,” says Devin Stockfish, President and CEO.
Weyerhaeuser owns or manages nearly 600,000 acres and operates two mills and a nursery in Alabama.
Neiman Begins Upgrade Program At Gilchrist – Neiman Enterprises is upgrading operations as it restarts the Gilchrist Forest Products sawmill in Gilchrist, Ore. that Neiman…
UK’s James Jones & Sons Ltd. has acquired GT Timber Ltd., the parent company of Taylormade Timber Products Ltd. and Kerr Timber Products Ltd., which operate…
U.S. housing starts experienced a second straight month of decline in February with a seasonally adjusted annual rate of…
Find Us On Social
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Complete the online form so we can direct you to the appropriate Sales Representative.