Nip Impressions logo
Thu, Mar 28, 2024 06:06
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Weyerhaeuser completes sale of Montana timberlands

SEATTLE (News release) -- Weyerhaeuser Company announced the completion of the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately $145 million in cash. The company anticipates it will incur minimal tax liability in conjunction with the sale.

"The sale of our Montana timberlands is part of our ongoing effort to strategically optimize our timberland portfolio," said Devin W. Stockfish, president and chief executive officer of Weyerhaeuser. "I want to thank the employees of the Montana timberlands team for continuing to operate safely throughout this process, and for their contributions to Weyerhaeuser over the years."

The transaction was announced in December 2019, and the company's three manufacturing facilities in Montana are not affected by this sale. "We're proud to continue supporting Montana communities through our mills and other local operations," said Stockfish.


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: