Weyerhaeuser to spin off real estate unit
In line with reports last year that it was considering a sale or spinoff of the division, Weyerhaeuser is planning on spinning off its real estate unit in order to concentrate its resources on its timber and paper products business.
The new company — Weyerhaeuser Real Estate Co. — will link forces with homebuilder TRI Pointe Homes Inc. to become a subsidiary of the company.
According to the Associated Press, shareholders will be able to exchange any number of Weyerhaeuser common shares for the new company’s shares, which will be able to be converted into TRI Pointe shares upon completion of the deal. Further details regarding the transaction were not disclosed.
At this moment, approval from TRI Pointe shareholders is still pending.
New Honeywell Bluetooth Smart Air Purifier senses local pollen counts
Honeywell is shaking up the home appliance scene with its new Bluetooth Smart True HEPA Allergen Remover, what it claims is the first air purifier using Bluetooth technology that can track local pollen counts.
The purifier uses mobile app technology to track pollen lelvels and auto-adjust its cleaning levels according to the zip code. The resulting insight aims to help homeowners differentiate the causes of their air quality issues, which are often comprised of a mixture of indoor and outdoor contaminants.
Beyond the pollen count auto-adjust feature, the Bluetooth Smart True HEPA Allergen Remover also alerts homeowners of outside pollen and mold levels and automatically turns on or off when the connected mobile device enters or leaves Bluetooth range.
Other features include a custom operation schedule, which allows users to create various schedules based on sleep, time away or time spent in certain areas of the home. It also notifies users when the filter needs to be changed.
Weyerhaeuser’s Rettig to head sales for Tru Joist
Federal Way, Washington-based Weyerhaeuser has appointed Jeff Rettig to the role of U.S. sales director for its Tru Joist Engineered Lumber division.
With over 25 years of experience in the building products industry — 14 of which he has spent with Weyerhaeuser — Rettig has worked in virtually all aspects of the business, including construction, retail and wholesale distribution.
"Jeff’s vast experience in construction supply gives him a unique perspective into the needs and challenges of our partners across the channel, from builders to dealers to our own internal sales staff," said VP engineered lumber products Carlos Guilherme. "This knowledge and leadership will bolster the Tru Joist sales and marketing teams as they continue our tradition of quality service and develop innovative new ways to help customers meet demand and build stronger businesses."
Rettig was most recently serving as region manager in the Northeast. He will be relocating from the Boston area to take on his new role at the Federal Way headquarters.