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
Roseburg Forest Products Names New President
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Allyn Ford, CEO and president of Oregon-based Roseburg Forest Products, announced that the Ford Family and the Roseburg Board of Directors have chosen Grady Mulbery to assume the role of Roseburg…
Weyerhaeuser Buys Plum Creek, May Sell Pulp Mills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Weyerhaeuser Co. and Plum Creek announced a merger that will leave nearly two-thirds majority ownership in Weyerhaeuser shareholder hands. The combined company creates a $23 billion timber REIT (Real Estate Investment…
Despite Expiration Of SLA, Lumber Prices And Housing Starts Increase
The anticipation of a Federal Reserve rate hike earlier this month had global market analysts teetering on the edge of their seats. They breathed a collective sigh of relief after the Fed announced it would…
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.