Weyerhaeuser Company (NYSE: WY), one of the world's largest integrated forest products companies, today announced that it has completed the sale and transfer of its composite panels assets in France to Financiera Maderera S.A. (FINSA), the largest producer of particleboard in Spain.

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
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  Terms of the sale were not disclosed.

Weyerhaeuser said the facilities are a better strategic fit for FINSA, which has a larger European presence.

The Linxe facility has the capacity to produce 230 million square feet while the Morcenx facility has a manufacturing capacity of 100 million square feet.

Weyerhaeuser Company was incorporated in 1900. In 2004, sales were $22.7 billion. It has offices or operations in 19 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/ .

  For more information contact:

  Media - Bruce Amundson (253) 924-3047
  Analysts - Kathryn McAuley (253) 924-2058

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SOURCE: Weyerhaeuser Company

CONTACT: Media - Bruce Amundson, +1-253-924-3047, or Analysts - Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser

Web site: http://www.weyerhaeuser.com/