by Web Editor | Oct 14, 2016 | News
Real estate investment trust Weyerhaeuser Co. said on Wednesday it was exploring strategic alternatives, including a possible sale, for its timberlands and manufacturing operations in Uruguay.
The Uruguay operations include more than 300,000 acres of timberlands in northeastern and north central Uruguay, a plywood and veneer manufacturing facility, a cogeneration facility and a seedling nursery, the company said.
“This is a strategic revision with various possibilities: one is a sale but another is maintaining operations just as they are today,” the company’s South America Director Alvaro Molinari told Reuters.
Weyerhaeuser has been restructuring its business since it bought Plum Creek Timber Co. Inc in February, combining the two largest owners of timberland in the United States. Since then, Weyerhaeuser has said it would sell its pulp business to International Paper Co. for $2.2 billion and its liquid packaging unit to Nippon Paper Industries Co. Ltd for about $285 million.
Weyerhaeuser said this month it would sell its North Pacific paper unit to private company One Rock Capital Partners LLC.
From Reuters: https://www.reuters.com/article/weyerhaeuser-divestiture-idUSL4N1CI4DI
by Web Editor | Mar 25, 2015 | News
Swanson Group Manufacturing LLC, a Pacific Northwest forest products company, announced today that it has acquired the assets of Olympic Panel Products LLC. Located in Shelton, Washington, Olympic Panel is the largest overlay plywood manufacturer in North America. Terms of the transaction were not disclosed.
Swanson Group plans to relocate the Olympic Panel assets in 2016 to its state-of-the-art facility that will be constructed in Springfield, Oregon. The new facility will continue to produce Olympic-branded products. During the next twelve to eighteen months, Olympic Panel Products will continue to operate in Shelton to ensure a smooth transition for all customers and suppliers.
Swanson executives believe Springfield, Oregon is the right location to maintain the Olympic Panel tradition of building the highest quality overlay products.
“Swanson is building a world-class plywood and veneer manufacturing facility in a location with an excellent workforce and log supply,” says Steve Swanson, President and CEO of Swanson Group. “We have long been impressed with the quality and depth of Olympic’s overlay product line and believe that this acquisition fits perfectly with our goal to become the leading producer of overlay panels in North America.”
From ForConstructionPros.com: https://www.forconstructionpros.com/press_release/12057173/swanson-group-purchases-olympic-panel-products
