Weyerhaeuser Investor Relations
Aug 1, 2011
FEDERAL WAY, Wash., August 1, 2011 — Weyerhaeuser Company (NYSE: WY) today announced it has completed the sale of its hardwoods business to American Industrial Partners.
Total proceeds from the sale will be approximately $108 million.
Assets included in the transaction are located in Tuscumbia, Ala.; Elkhart, Ind.; Grand Rapids and Lewiston, Mich.; Brainerd, Minn.; Coos Bay, Eugene and Garibaldi, Ore.; Titusville, Pa.; Arlington, Centralia and Longview, Wash.; and Dorchester and Onalaska, Wis.
Weyerhaeuser Company, one of the world's largest forest products companies, began operations in 1900. We grow and harvest trees, build homes and make a range of forest products essential to everyday lives. We manage our timberland on a sustainable basis in compliance with internationally recognized forestry standards. At the end of 2010, we employed approximately 14,000 employees in 10 countries. We have customers worldwide and generated $6.6 billion in sales in 2010. Our stock trades on the New York Stock exchange under the symbol WY. Additional information about us is available at http://www.weyerhaeuser.com.
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https://investor.weyerhaeuser.com/2011-08-01-Weyerhaeuser-completes-sale-of-hardwoods-business