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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Tolko Announces Pino Pucci New President/CEO

After 14 years as president and CEO (CEO) of Tolko, and more than 40 years with the company founded by his grandfather Harold, Brad Thorlakson has transitioned to the role of executive chair of the board. Further to this transition, Pino Pucci has assumed the role of president and CEO.

New Combi-CLL Container

Following the launch of five new models in its 25th anniversary year in 2023, Irish material handling specialist Combilift has announced the launch of the new Combi-CLL (Container Log-Loader), a customer-led solution for the timber industry.

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