Weyerhaeuser Buys 69,000 Acres
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.
Latest News
Xylexpo Announces New 2020 Dates
Xylexpo, the premiere Italian woodworking trade show that sees visitors from around the world, will move away from its traditional date in May due to the disruption caused by the COVID-19…
TP&EE Is A Go, But Earlier Events Change Dates
The Timber Processing & Energy Expo is still on tap for September 30 to October 2 at the Portland Exposition Center in Portland, Ore. Organizers will continue to adhere to the directives of area…
SPI, Puget Sound Energy Team Up
Puget Sound Energy (PSE) has teamed up with Sierra Pacific Industries (SPI) to purchase 17 megawatts (MW) of renewable energy from SPI’s cogeneration plant at its Burlington sawmill in Mount Vernon, Wash…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
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.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.