Weyerhaeuser Company announced on Thursday (5-19-22) that it had successfully completed the acquisition of 80,800 acres of high-quality timberland located in North and South Carolina from a fund managed by Campbell Global for approximately $265 million. The original announcement of this acquisition was made in April of 2022.
With this purchase, Weyerhaeuser now owns or manages more than 900,000 acres of timberlands in the Carolinas. The company also operates four sawmill facilities, a distribution center, and a tree nurser, as well as a host of mitigation banks and real estate development projects—employing more than 700 people between the two states.
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