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
Kudzu That Ate U.S. South Heads North As Climate Changes
As the climate warms, the vine that ate the U.S. South is starting to gnaw at parts of the North, too. Kudzu, a three-leafed weed first planted in the U.S. more than 100 years ago for the beauty of its purple blossoms, has been spotted in every county in Georgia,...
Have A Question?
Send Us A Message