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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West Fraser Buying New SYP Sawmill
West Fraser Timber Co. Ltd. has entered into an agreement to acquire the Angelina Forest Products (AFP) southern yellow pine sawmill in Lufkin, Tex. for $300 million (U.S.). The new sawmill began construction in 2018, commenced operations in late 2019 and is expected to progress toward full production capacity of more than…
FS ‘Reassessment’ Runs Fire Risk
Article by Dan Shell, Senior Editor, Timber Processing October 2021 – Perhaps it was the 20-year lifespan of the contract, or maybe it was yet another fire season that scorched half a million acres in the state: What if we can’t deliver the timber that we promise? What if there are court cases…
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