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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Final CPA Numbers Show Panel Shipments Gain In 2017

Shipments of particleboard and MDF in 2017 totaled 5.560 BSF for the year, an increase of 0.9 percent over 2016, according to the Composite Panel Association. December shipments totaled 395 MMSF (3/4-inch basis), down 4.14 percent compared to the same month a year ago...

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