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
R-Y Timber Juggles Sawmill Production
Officials with RY Timber in Townsend, Mont. announced the company would indefinitely close its Townsend sawmill, and in turn expand operations at its Livingston…
U.S. Commerce Looks At Moldings, Millwork
U.S. Secretary of Commerce Wilbur Ross announced the initiation of new investigations to determine whether wood moldings and millwork products from Brazil…
Family Matters To Fritz Mason
Article by Jessica Johnson, Senior Associate Editor, Timber Processing January/February 2020 – It’s time for the 32nd annual announcement of the Timber Processing Person of the Year—a time that always excites me. I am a bit of a person of the…
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.