Weyerhaeuser to buy 85,000 acres of timberlands from HNRG and sell 149,000 acres of timberlands to HNRG - Global Paper Money

Click here for Pulp & Paper Radio International

The Paperitalo Library

The Paperitalo Library

White Papers/Downloads

PM 40 Companies

Cellulose Community

Paperitalo Resources

Paperitalo Supplier Directory

onlyPulpandPaperJobs.com

The Paperitalo Library

Inside PaperMoney

Paperitalo/Media Kit

Nip Impressions

Departments

Disconnected Comparisons

Insider Trading

Current News

Culture & Marketing

Corporate Finance

Labor & Union Actions

Major Expenditures

Market News of Note

Mergers & Acquisitions

Major Announcements

Operations Announcements

Facility Closures/Reductions

In Closing

Reference Library

AM Best Insurance News

Delaware Chancery Court

Fiduciary Developments

ICC News and Proceedings

Key Interest Rates

WTO News and Proceedings

Member Options

About Paper Money

Weyerhaeuser to buy 85,000 acres of timberlands from HNRG and sell 149,000 acres of timberlands to HNRG

SEATTLE (News release) - Weyerhaeuser Company has entered into two distinct agreements to purchase timberlands from and sell timberlands to funds managed by Hancock Natural Resource Group (HNRG), a Manulife Investment Management company.

The company is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction, and selling 149,000 acres of timberlands in southern Oregon in a second transaction. The net cost of these two separate transactions is approximately $40 million in cash.

"These two agreements represent a unique opportunity to further enhance Weyerhaeuser's Western timberlands portfolio with exceptional land that is contiguous with our existing ownership," said Devin W. Stockfish, president and CEO. "Through these transactions, we are acquiring highly productive timberland with low operating costs and strong access to key domestic and export markets, and we expect them to deliver immediate and long-term value for our shareholders."

The transactions are subject to customary closing conditions and are expected to close in the 4Q 2020.

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. The company owns or controls approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada.

The highest value mill directory in the US at the lowest price $34.20. Click for Instructional Video.

Related Articles:

Packaging firm Amcor to buy Berry for $8.43 billion

Glatfelter completes merger with Berry's health and hygiene business

Weyerhaeuser Company announces plan to build new facility in south Arkansas

EU sets Jan. 10 deadline for International Paper-DS Smith deal

Lecta announces spin-off of its self-adhesive business

'We got completely played for suckers,' MP says of recent takeovers in Canadian forestry

KCL Acquires Advanced Biocomposite Manufacturing Equipment from UPM

Domtar owner planning to acquire APP

Antalis acquires Poitoo Adhésifs business

Saica Groupe acquires Schumacher Packaging in Poland

Login and voice your opinion!

Our Sponsors

Copyright © and Trademark PaperMoney ® 2006-2024 All Rights Reserved

A Paperitalo Publication/The Home of your Prospects (TM)

Copyright Statement | Privacy Statement | Terms of Service

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: