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 Prices Surge As Sawmills Run Short
Worldwide demand for North American hardwoods climbed faster than supply in October and lumber prices followed suit. Many concentration yards were low on both kiln-dried lumber to sell and green lumber to put in dry…
Ohio’s Carter Lumber To Close 26 Stores, Focus On Growth In Larger Markets
Kent, Ohio based Carter Lumber announced that it was closing 26 stores as the building materials supplier focuses on growing in its larger markets. The 26 stores are in 23 markets — including one store…
Shuttered B.C. Sawmills Cause Unseasonal Spike In Lumber Prices
Lumber traders struggled back to their desks Monday morning after an epic North American Wholesale Lumbermen’s Association AGM in Las Vegas, NV, last week to discover very weak field inventories, rising lumber prices and continued…
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.