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
North American Lumber Producers Face Rail Transportation Nightmare
As brutal weather patterns continued across the most populated parts of North America, lumber and panel traders reported mostly flat prices on solid wood commodities, writes Keta Kosman, publisher of Madison’s Lumber Reporter. Most commonly-traded…
Ainsworth Lumber And Louisiana-Pacific Enter Into Timing Agreements
Ainsworth Lumber Co. Ltd. and Louisiana-Pacific Corporation announced today that they have entered into timing agreements with each of the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice pursuant to…
Global Demand For N.A. Hardwood Lumber Expands Faster Than Supply
North American hardwood lumber exports were quite strong in January. Chinese and Vietnamese demand was quite high despite the approach of the Chinese New Year and Tet holidays. Taiwanese demand also increased; and Japanese purchasing…
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.