Weyerhaeuser is selling off its Trus Joist Commercial division to Atlas Holdings. While the price tag on the deal w…
Weyerhaeuser is selling off its Trus Joist Commercial division to Atlas Holdings. While the price tag on the deal was not disclosed, four plants in the U.S. are included in the transaction, as well as 13 sales and engineering offices. Together, they represent employment for approximately 428 people.
Weyerhaeuser said the sale will allow the company to hone in on its core strategies in the residential structural frame market.
“After a thorough review of the alternatives, we believe the decision to explore the sale of this business and its assets to Atlas Holdings is in the best interests of our shareholders, employees and customers,” iLevel vice president of sales Carlos Guilherme said.
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