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
Resolute Forest Products Halts Canadian Timber Operation
High fiber costs and low market values have forced Resolute Forest Products to suspend indefinitely its wood-cutting operations in Quebec’s Mauricie region near Trois-Rivieres. The suspension, which took effect November 27, affects at least 180…
Montana Timber Industry Facing Increasingly Tough Times
At Sun Mountain Lumber in Deer Lodge, about 50 of its 160-person workforce got pink slips this fall – but owner Sherm Anderson says the sawmill and timber company is still losing money. “We laid…
Colorado Billionaire Conservationist Proposes Huge Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Hedge-fund manager and renowned conservationist Louis Bacon plans to build a large sawmill in the San Luis Valley to help process timber harvested from his Trinchera Blanca Ranch, the largest contiguous…
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.