Weyerhaeuser Announces Timberland Acquisitions and Divestitures
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Weyerhaeuser announces timberland acquisitions and divestitures. On Thursday, Weyerhaeuser announced a series of strategic, capital-efficient timberland transactions aimed at enhancing portfolio quality and value. The company said it completed two acquisitions in Q3 totaling $459 million, including its previously announced purchase of timberlands in North Carolina and Virginia. Weyerhaeuser also advanced three divestiture packages of non-core timberlands during the quarter. Two transactions, valued at a combined $410 million, closed or went under contract in early October, with proceeds expected by year end. The third divestiture is anticipated to close in early 2026, and total proceeds from all sales are expected to exceed the company's cash outlay for recent acquisitions. The Q3 acquisitions included two off-market transactions featuring high-quality, strategically located acreage. In August, Weyerhaeuser acquired 117,000 acres of timberlands in North Carolina and Virginia for $364 million, and 10,000 acres of mature, low-elevation timberlands in Washington for $95 million. The Washington tract, located adjacent to existing Weyerhaeuser timber holdings near Longview, includes access to the company's mill and export yards in the region. Divestitures include non-core acreage in Oregon, Georgia, Alabama, and Virginia with limited portfolio integration benefits. The...
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