Weyerhaeuser Announces Completion of Timberland Transactions

In a transaction originally reported in September 2020, Weyerhaeuser today (11/20) announced the completion of two separate transactions in which it purchased timberlands from and sold timberlands to funds managed by Hancock Natural Resources Group, a Manulife Investment Management Company. In the transaction Weyerhaeuser 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 million in cash. The company expects no tax liability in conjunction with the sale.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source: