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.
RELATED ARTICLES
WEYERHAEUSER PARTNERSHIP FOCUSES ON FIREFIGHTER MENTAL HEALTH
Latest News
U.S. Laminates To Hit $6.8 Billion In 2020
Increased cabinets and furniture demand will continue to drive the growth of decorative laminates in the United States 2.5 percent annually, reaching 11.6 billion square feet —$6.8 billion — in 2020, according to new research by The Freedonia Group. According to the...
Lumber Liquidators Pays $2.5 Million To Settle California Clean Air Claims
Hardwood flooring retailer Lumber Liquidators Inc. has paid the California Air Resources Board (CARB) $2.5 million to settle claims that the company sold composite wood products that exceeded California formaldehyde limits, and failed to take reasonable precautions to...
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!