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Weyerhaeuser sells over 300,000 acres of timberlands

In a move to reduce debt and balance its portfolio, Weyerhaeuser Company is selling approximately 300,000 acres of…

In a move to reduce debt and balance its portfolio, Weyerhaeuser Company is selling approximately 300,000 acres of timberlands in middle Georgia.
The world’s largest owner of merchantable softwood timber, added 1.7 million acres to its portfolio with the Willamette acquisition. The company now owns or manages approximately 7.5 million acres of commercial forestland in North America.
The sale will affect 17 employees.