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
Financing Approved For Proposed Arkansas Sawmill
The Arkansas Economic Development Commission has approved $5 million in financing to aid a timber company in the proposed purchase of an abandoned plant in Union County. The commission approved the financing this week for…
U.S. Kiln Dried Hardwood And Green Lumber In Short Supply
Contacts are still talking about the impacts of the terrible winter weather on the hardwood industry. Deep snow and biting cold slowed logging and hurt sawmill production. One Indiana mill reported 145” of snow this…
Timber Towers Using Cross Laminated Timber Will Grow Markets For U.S. Wood
Continued advances in cross laminated timber (CLT) and wood framing techniques now make wood high-rises practical. A key enabling technology are adhesives. Architects Skidmore Owings & Merrill provided an update on urban construction trends at…
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.