Weyerhaeuser finalizes Washington timberlands sale

The forest products company has sold off 145,000 acres in the state's North Cascades Region.
Andrew Carlo
LBM Editor
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Weyerhaeuser reported that it has completed the sale of 145,000 acres of timberlands to Hampton Resources.

Located in the North Cascades Region of Washington, the sale price is $266 million.

The transaction was first announced in April and Weyerhaeuser said it anticipates no tax liability in conjunction with the sale.

The Seattle, Wa.-based company reported the sale when announcing it was also purchasing 69,200 acres of timberlands in Alabama from Soterra, a subsidiary of Greif, Inc., for approximately $149 million.

Weyerhauser owns or controls approximately 11 million acres of timberlands in the U.S. and manages additional timberlands under long-term licenses in Canada.

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