Weyerhaeuser Company announced today that it has entered into two distinct agreement to purchased timberland from and sell timberlands to funds managed by Hancock Natural Resources, a Manulife Investment Management company. Weyerhaeuser is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction and selling 149,000 acres of timberlands in southern Oregon in a second transaction. The net cost of these two separate transactions is approximately $40 million in cash. The transactions are subject to customary closing conditions and are expected to close in the fourth quarter of 2020.
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WEYERHAEUSER TO ENHANCE OREGON TIMBERLAND HOLDINGS