Weyerhaeuser Enhances Coastal Holdings
Weyerhaeuser Co. entered into two agreements with Forest Investment Associates to divest 69,600 acres in upstate South Carolina for $170 million, and to purchase 60,700 acres of high-quality timberlands in coastal North Carolina, South Carolina and Mississippi for $163 million.
With this transaction, Weyerhaeuser will own or manage more than 870,000 acres of timberlands in North and South Carolina and 1,190,000 in Mississippi. The company employs more than 1,300 people and has significant operations and infrastructure across the three states, including seven mills, two distribution centers, two tree nurseries and multiple mitigation banks and real estate development projects.
Related Articles
Latest News
N.C. State Sells 79,000-Acre Hofmann Forest For $150 Million
The Hofmann Forest, a 79,000-acre wooded property near Jacksonville, N.C., that’s owned by the Board of Trustees for the Endowment Fund of N.C. State University, has been sold to Jerry Walker, an agri-businessman from Illinois,…
Have A Question?
Send Us A Message