Weyerhaeuser completes sale of Uruguay timberlands and manufacturing business

P&PC Staff
September 03, 2017
By P&PC Staff
Sep. 3, 2017 - Weyerhaeuser Company has completed the sale of its timberlands and manufacturing business in Uruguay to a consortium led by BTG Pactual’s Timberland Investment Group (TIG) for $402.5 million in cash. 

The transaction includes over 300,000 acres of timberlands in northeastern and north central Uruguay, as well as a plywood and veneer manufacturing facility, a cogeneration facility, and a seedling nursery.

“The TIG consortium is acquiring a unique combination of high-quality timber and manufacturing assets and gaining an exceptional team of highly-skilled employees,” said Doyle R. Simons, Weyerhaeuser president and CEO. “I want to thank the employees of the Uruguay team for continuing to operate safely throughout the strategic review process and for their contributions to Weyerhaeuser over the years.”

Weyerhaeuser Company describes itself as one of the world’s largest private owners of timberlands. It owns or controls nearly 13 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada.

Add comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

European Paper Week 2017
November 28-30, 2017
PaperWeek Canada 2018
February 5-8, 2018
Tissue World Miami 2018
March 21-23, 2018
PaperCon 2018
April 15-18, 2018