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
Maine Sawmill Workers Face Temporary Layoff
A Quebec-based company that completed the purchase of Fraser Timber’s lumber mill in Masardis in January will temporarily layoff its 135 employees next week due to market conditions. The layoff at Maibec will last four…
On The Verge Of Something Or Nothing?
Article by Rich Donnell, Editor-In-Chief The majority of this issue—nearly 30 pages in fact—is devoted to the results of our annual Sawmill Capital Expenditure Survey. Again we’ve broken it down into two sections—softwood lumber and…
Washington Lumber Mill Closing After 75 Years
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); The last lumber mill in Snohomish is closing after almost 75 years due to low demand. The Daily Herald of Everett reports that the Seattle-Snohomish Mill plans to close this summer,…
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.