Weyerhaeuser Buys 69,000 Acres
Weyerhaeuser is purchasing 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for $149 million. The acquisition comprises highly productive timberlands in southwest Alabama, 100 miles north of Mobile.
Weyerhaeuser points to the well-stocked timber inventory, including 76% plantation acreage with average age of 14 years, and an opportunity for increased productivity over time
“These timberlands are located in favorable markets and well-integrated with our existing supply chain, and we have strong relationships with a diverse and reliable set of customers in the area,” says Devin Stockfish, President and CEO.
Weyerhaeuser owns or manages nearly 600,000 acres and operates two mills and a nursery in Alabama.
Latest News
American Loggers Council Leaders Vote To Stimulate Master Logger Certification
From: Southern Loggin' Times Editors In a move designed to raise the bar on professionalism and build a standalone marketing brand, leaders of the American Loggers Council (ALC) in late July voted to invest in the reinvigoration of its Master Logger Certification...
Have A Question?
Send Us A Message