Chart News Room

Print News Release

Weyerhaeuser Sells French Composite Panels Business to Financiera Maderera S.A.

Oct 27, 2005

In connection with its ongoing strategic review, Weyerhaeuser Company (NYSE: WY), one of the world's largest integrated forest products companies, today announced that it has sold 100 percent of its shares in its French composite panels businesses to Financiera Maderera S.A. (FINSA), the largest producer of medium density fiberboard and particleboard in Spain.

  (Logo: )

Both companies expect to close the sale by the end of the fourth quarter. Weyerhaeuser will continue to serve existing customers until the sale closes. Terms of the agreement were not disclosed.

Weyerhaeuser said the facilities are a better strategic fit for FINSA.

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 .

Media -- Bruce Amundson 253-924-3047

Analysts -- Kathryn McAuley 253-924-2058

AP Archive:
PRN Photo Desk

SOURCE: Weyerhaeuser Company

CONTACT: media, Bruce Amundson, +1-253-924-3047, or analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser Company

Web site:

Welcome to Weyerhaeuser's new website!

You appear to be using an older browser. This website is best viewed using the latest versions of Internet Explorer, Chrome, Safari, and Firefox. If you proceed without upgrading or switching browsers, you may not experience optimal navigation or page functionality. Thank you for your interest in Weyerhaeuser and we hope you enjoy your visit.

Update my browser now