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
New Year Bodes Well For Mills
Story by Rich Donnell, Editor-in-Chief Wow, what a year! I think we can say it has ended on a higher note, mainly because of some improvement in homebuilding, which is projected to only get better…
WorkSafeBC Asks Crown To Probe Deadly Sawmill Explosions; Jail Time Possible
WorkSafeBC will refer its findings of workplace violations in two deadly sawmill explosions to Crown counsel for possible charges, opening up the possibility of fines or jail time. If the Crown decides to go forward…
Grant Is Secured For New Montana Sawmill
Kootenai River Development Council of Libby has received $17,800 in grant funding from the Big Sky Economic Development Trust Fund of the Montana Department of Commerce for the purpose of bringing a sawmill to Libby.…
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.