{"id":385952,"date":"2020-11-20T08:27:07","date_gmt":"2020-11-20T13:27:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385952"},"modified":"2020-11-20T08:27:07","modified_gmt":"2020-11-20T13:27:07","slug":"weyerhaeuser-completes-oregon-timberland-transactions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/weyerhaeuser-completes-oregon-timberland-transactions\/","title":{"rendered":"Weyerhaeuser Completes Oregon Timberland Transactions"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SEATTLE<\/span>, Nov. 20, 2020<\/span> \/PRNewswire\/ —\u00a0Weyerhaeuser Company<\/a><\/u>\u00a0(NYSE: WY) today announced the completion of two separate transactions in which it purchased timberlands from and sold timberlands to funds managed by Hancock Natural Resource Group, a Manulife Investment Management company.<\/p>\n

\n

\n
\n \"Weyerhaeuser
\n <\/a>\n <\/p>\n<\/p><\/div>\n

The company purchased 85,000 acres of timberlands in mid-coastal Oregon<\/span> in one transaction and sold 149,000 acres in southern Oregon<\/span> in a separate transaction, for a net cost of approximately $40\u00a0million in cash. The company expects no tax liability in conjunction with the sale.<\/p>\n

“Oregon<\/span> is an incredibly important operating region for us, and we’re always looking for opportunities to enhance our portfolio,” said Devin W. Stockfish,\u00a0president\u00a0and chief executive officer. “Through these transactions, we’re gaining highly productive timberland, streamlining operating costs and access to key domestic and export markets, and strengthening our ability to deliver immediate and long-term value for our shareholders.”<\/p>\n

The transactions were announced in September 2020<\/span>.<\/p>\n

\n ABOUT WEYERHAEUSER
<\/b>
\n
\n Weyerhaeuser Company<\/a>
\n <\/u>, one of the world’s largest private owners of\u00a0timberlands<\/a><\/u>, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada<\/span>. We manage these timberlands on a\u00a0sustainable<\/a><\/u>\u00a0basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of\u00a0wood products<\/a><\/u>\u00a0in America. Our company is a real estate investment trust. In\u00a02019, we generated\u00a0$6.6 billion\u00a0in net sales and employed approximately 9,400 people who serve customers worldwide. We are listed on the Dow Jones Sustainability North America Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at\u00a0www.weyerhaeuser.com<\/a><\/u>.\u00a0<\/p>\n

\n For more information contact:
<\/b>
\n Analysts<\/i>\u00a0\u2013 Beth Baum<\/span><\/a>, 206-539-3907
Media \u2013 <\/i>Nancy Thompson<\/span><\/a>, 919-861-0342<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/weyerhaeuser-completes-oregon-timberland-transactions-301178055.html<\/a><\/p>\n

SOURCE Weyerhaeuser Company<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SEATTLE, Nov. 20, 2020 \/PRNewswire\/ —\u00a0Weyerhaeuser Company\u00a0(NYSE: WY) today announced the completion of two separate transactions in which it purchased timberlands from and sold timberlands to funds managed by Hancock Natural Resource Group, a Manulife Investment Management company. The company purchased 85,000 acres of timberlands in mid-coastal Oregon in one transaction and sold 149,000 acres in southern Oregon in a separate transaction, for a net cost of approximately $40\u00a0million in cash. The company expects no tax liability in conjunction with the sale. “Oregon is an incredibly important operating region for us, and we’re always looking for opportunities to enhance our portfolio,” said Devin W. Stockfish,\u00a0president\u00a0and chief executive officer. “Through these transactions, we’re gaining highly productive timberland, streamlining operating … <\/p>\n

Continue reading “Weyerhaeuser Completes Oregon Timberland Transactions”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385952","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWeyerhaeuser Completes Oregon Timberland Transactions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/weyerhaeuser-completes-oregon-timberland-transactions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weyerhaeuser Completes Oregon Timberland Transactions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SEATTLE, Nov. 20, 2020 \/PRNewswire\/ —\u00a0Weyerhaeuser Company\u00a0(NYSE: WY) today announced the completion of two separate transactions in which it purchased timberlands from and sold timberlands to funds managed by Hancock Natural Resource Group, a Manulife Investment Management company. The company purchased 85,000 acres of timberlands in mid-coastal Oregon in one transaction and sold 149,000 acres in southern Oregon in a separate transaction, for a net cost of approximately $40\u00a0million in cash. The company expects no tax liability in conjunction with the sale. “Oregon is an incredibly important operating region for us, and we’re always looking for opportunities to enhance our portfolio,” said Devin W. 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