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Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Wood Products / Global / North America
April 18, 2022

Weyerhaeuser to acquire Carolina Timberlands for US$ 265 million

Weyerhaeuser to acquire Carolina Timberlands for US$ 265 million
Weyerhaeuser Co. has agreed to purchase 80,800 acres of high-quality timberlands from a fund managed by Campbell Global for $265 million.    The acquired timberlands are located in strong coastal markets across North Carolina and South Carolina, and are strategically situated near existing Weyerhaeuser timber and mill operations.    Weyerhaeuser expects the acquisition to deliver portfolio-leading cash flow and harvest tons per acre within its Southern Timberlands business.    The acquisition features well-stocked timber inventory with a mature age class to produce an attractive sawlong mix. The ...

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