Weyerhaeuser Enhances Coastal Holdings
Weyerhaeuser Co. entered into two agreements with Forest Investment Associates to divest 69,600 acres in upstate South Carolina for $170 million, and to purchase 60,700 acres of high-quality timberlands in coastal North Carolina, South Carolina and Mississippi for $163 million.
With this transaction, Weyerhaeuser will own or manage more than 870,000 acres of timberlands in North and South Carolina and 1,190,000 in Mississippi. The company employs more than 1,300 people and has significant operations and infrastructure across the three states, including seven mills, two distribution centers, two tree nurseries and multiple mitigation banks and real estate development projects.
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Musser Plans More Byproducts
Musser Biomass and Wood Products, a division of family-owned and operated Musser Lumber Co., will invest $7.5 million and create 10 new jobs to expand its operation at Rural Retreat, Va. The expansion will more than double production of dried hardwood chips and sawdust the company supplies to composite decking…
Sierra Pacific Foundation Grants Scholarships
Sierra Pacific Foundation is awarding more than $521,000 in scholarships to 169 students as they attend colleges, universities, and trade schools during the 2023-2024 school year. “It is both an honor and a privilege for our family to continue to offer this ongoing support for these students,” says Carolyn Emmerson Dietz…
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