Our common stock trades on the New York Stock Exchange under the symbol WY. Our common stock trades on the New York Stock Exchange under the symbol WY. A growing population relies on our land, and we responsibly deliver. "The transaction includes a diverse mix of softwood species and an existing 110,000-acre conservation easement which preserves public access in perpetuity.". The company expects to … Bank Information; Wood Products. The company anticipates it will incur minimal tax liability in conjunction with the sale. 358 shares As speculation started to ramp up regarding the sale of Weyerhaeuser’s forest lands in Montana, the buyer stepped forward to keep rumors in check. “When Weyerhaeuser wound up with all this land in Montana, it could be because it came with 6.5 million acres elsewhere,” Sanders said. LandWatch has 31 timberland properties for sale in Montana. If they did, it would eliminate decades of public access for recreation and logging. To do this, we continually assess the value of the trees growing on the land, the natural resources located beneath the surface and the long-term potential use of the land itself. Weyerhaeuser Timberlands, 630000 acres for Sale Western Montana in Flathead, Mineral, Sanders, Lincoln county MT. You appear to be using an older browser. For more information contact:Analysts – Beth Baum, 206-539-3907Media – Nancy Thompson, 919-861-0342. Wood Products. Minerals. In 2019, we generated $6.6 billion in net sales and employed approximately 9,400 people who serve customers worldwide. Our company is a real estate investment trust. © 2021 Weyerhaeuser Company. Conservation . We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. Weyerhaeuser (NYSE: WY) completes the sale of 630K acres of Montana timberlands for ~$145M in cash to Southern Pine Plantations. hope you enjoy your visit. If you proceed without upgrading or switching browsers, Minerals . Search land for sale in Weyerhaeuser WI. Please report violations or vandalism to Weyerhaeuser or Montana … MISSOULA — We've learned it's a Georgia-based timberlands company that will be purchasing Weyerhaeuser's Montana holdings, in a deal announced last week. Find Perfect Weyerhaeuser Land For Sale. versions of Internet Explorer, Chrome, Safari, and Firefox. All Rights Reserved. The transaction is expected to be completed in the second … You appear to be using an older browser. "Our people have done an outstanding job driving improvement in safety and operational excellence over the past several years, and they also do terrific work to support the communities where we operate.". "We're proud to continue supporting Montana communities through our mills and other local operations," said Stockfish. "The transaction includes a diverse mix of softwood species and an existing 110,000-acre conservation easement which preserves public access in perpetuity." Weyerhaeuser’s sale of Michigan timber property could be the start of a move away from northern markets by the largest timberland owner in North America, suggest industry observers. Development Projects . Real Estate. Our job as stewards of these assets is to maximize the value of every acre. hope you enjoy your visit. All Rights Reserved. Development Projects . "The sale of our Montana acreage is part of our ongoing effort to strategically optimize our timberland portfolio," said Devin Stockfish, president and CEO of Weyerhaeuser. Weyerhaeuser has been a household name in this corner of Montana since 2016, when it officially merged with Plum Creek Timber Co., forming the largest private owner of timberland in … We own or control approximately 12 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. Weyerhaeuser Announces Sale Of Montana Acreage - Quick Facts . Georgia-based Southern Pine Plantations recently announced their plans to purchase 630,000 acres of timberland in Northwest Montana from the Weyerhaeuser Company — land that has been an economic driver for Northwest Montana for decades, and a personal playground for hunters, fishers and hikers. This may be the last major sale of what once was a nearly continuous 630,000-acre swath of timberland in Flathead, Lincoln, Sanders and Missoula counties. Wood Products. On Saturday, attorney James A. Bowditch sent an email to media outlets announcing that Southern Pine Plantations would be buying 630,000 acres of timberland from Weyerhaeuser. Weyerhaeuser is selling 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support For more information contact: Analysts â Beth Baum, 206-539-3907 Media â Nancy Thompson, 919-861-0342. About WeyerhaeuserWeyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. As stewards of these assets, we maximize the value of every acre. The company anticipates minimal tax liability in conjunction with the transaction. The company anticipates it will incur minimal tax liability in conjunction with the sale. **It is your responsibility to know whose property you are using and you should avoid trespassing on the private property of others to reach Weyerhaeuser lands. In 2018, we generated $7.5 billion in net sales and employed approximately 9,300 people who serve customers worldwide. The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2020. Now the U.S. But then, Weyerhaeuser sold its 630,000 acres throughout western Montana to Georgia-based Southern Pine Plantation, which now calls itself “SPP Montana” when dealing with its Montana property. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. Weyerhaeuser is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction and selling 149,000 acres of timberlands in southern Oregon in the second transaction. We’re one of the largest private landholders in the United States. Southern Pine Plantations purchased the land from Weyerhaeuser early last year, raising concerns about locals being cut off from land they’d accessed to fish, hunt and recreate. ABOUT WEYERHAEUSER Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. Learn more at www.weyerhaeuser.com. KALISPELL – The Washington-based timber giant Weyerhaeuser has agreed to sell its nearly 1,000 square miles of timberland in Montana to a private investment company for … RTTNews . For more than a hundred years, Weyerhaeuser has been building and enhancing a reputation for responsible corporate citizenship. The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2020. We’ve been developing new building products and solutions for more than 100 years. Weyerhaeuser expects the deal to close in the second quarter of 2020. There is no guarantee that any of the events anticipated by these forward-looking statements will occur. versions of Internet Explorer, Chrome, Safari, and Firefox. If you proceed without upgrading or switching browsers, The Washington-based timber giant Weyerhaeuser on Tuesday announced an agreement to sell its 630,000 acres of Montana timberland to a private investment company for … Weyerhaeuser may not be able to complete the sale of its Montana timberlands within the stated time period, or at all, because of a number of factors, including without limitation: the occurrence of any event, change or other circumstances that could give rise to a termination of the transaction under the terms of the purchase and sale agreement or the failure to satisfy other closing conditions. Aggregates. We’re one of the largest private landholders in the United States. "I want to thank the employees of the Montana timberlands team for continuing to operate safely throughout this process, and for their contributions to Weyerhaeuser over the years.". The net cost of the two separate transactions is … Mitigation Banking. We are also one of the largest manufacturers of wood products. Weyerhaeuser (NYSE:WY) agrees to sell 630,000 acres of timberland in Montana to a private timberland investment company for $145M in cash, as … Mar 26, 2020 SEATTLE, March 26, 2020 / PRNewswire / -- Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately $145 million in cash. The median listing price of land in Weyerhaeuser is $304,950. Real Estate . Find Weyerhaeuser, WI land for sale at realtor.com®. The future of access in other areas previously owned by Weyerhaeuser remains uncertain. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are listed on the Dow Jones Sustainability North America Index. Weyerhaeuser is one of the largest private landholders in the United States. As stewards of these assets, we maximize the value of every acre. Conservation . This is yet another reason why it is imperative that the LWCF be fully funded so that land managers throughout Montana will have the opportunity and resources to preserve access on the lands on which we rely for hunting, fishing, and other recreation. "The sale of our Montana timberlands is part of our ongoing effort to strategically optimize our timberland portfolio," said Devin W. Stockfish, president and chief executive officer of Weyerhaeuser. Thank you for your interest in Weyerhaeuser and we Bank Information; Wood Products. Governance and Corporate Responsibility Committee, Do Not Sell My Information (California Residents). Learn More. Late last year, Weyerhaeuser announced the sale of about 630,000 acres of its timber lands. We are also one of the largest manufacturers of wood products in America. U.S. timber giant Weyerhaeuser Company on Tuesday announced it has agreed to sell its Montana timberland to a private timberland investment company. Land. Browse our Montana timberland properties for sale, view photos and contact an agent today! This is a timber company and they intend to manage the land for timber.” Weyerhaeuser owns 1,375 square miles (3,561 square kilometers) of timberland in Montana. Strategic economic development opportunities through a community collaboration process. SEATTLE, Dec. 17, 2019 / PRNewswire / -- Weyerhaeuser Company (NYSE: WY) today announced an agreement to sell its 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash. you may not experience optimal navigation or page functionality. Fortunately, SPP Montana has honored the contracts Weyerhaeuser already signed with The Trust for Public Land and the Forest Service We are listed on the Dow Jones Sustainability North America Index. Below is the full statement from Bowditch: In light of fast-developing speculation across the state, Southern Pine Plantations can confirm that we have entered into a purchase and sale agreement with Weyerhaeuser for its existing Montana timberlands. "Our manufacturing operations in Montana continue to deliver strong results," said Devin. Find lots, acreage, rural lots, and more on Zillow. SEATTLE, March 26, 2020 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately $145 million in cash. Learn more at www.weyerhaeuser.com. For more than a hundred years, Weyerhaeuser has been building and enhancing a reputation for responsible corporate citizenship. Real Estate . Land. Thank you for your interest in Weyerhaeuser and we Forward Looking StatementsThis communication contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, with respect to the company's expectations concerning the occurrence, timing and tax implications of the closing of its sale of timberlands. We’ve been developing new building products and solutions for more than 100 years. SEATTLE, Dec. 17, 2019 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced an agreement to sell its 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash. This website is best viewed using the latest The company undertakes no obligation to update these forward-looking statements after the date of this news release. The company's three manufacturing facilities in Montana are not affected by this announcement. you may not experience optimal navigation or page functionality. This website is best viewed using the latest Learn More. Weyerhaeuser announced late Thursday it had closed the sale of 630,000 acres of Montana timberlands to Southern Pines Plantations for approximately $145 million in cash. Development Projects. Mitigation Banking. With over 1 million+ homes for sale,for rent available on the website. Weyerhauser has … Aggregates. The transaction was announced in December 2019, and the company's three manufacturing facilities in Montana are not affected by this sale. Minerals . All forward-looking statements speak only as of the date hereof, are based on current expectations and involve and are subject to a number of assumptions, risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. "The sale of our Montana acreage is part of our ongoing effort to strategically optimize our timberland portfolio," said Devin W. Stockfish, president and chief executive officer of Weyerhaeuser. With most of the acreage between Kalispell and Libby, local county officials raised concerns about whether the new owner, Southern Pine Plantations, would subdivide and sell the land. Our company is a real estate investment trust. © 2021 Weyerhaeuser Company. The land sale marks the most recent acquisition following a succession of sales and corporate takeovers in Northwest Montana, which have elicited anxiety among hunters, anglers and land … **Please note that commercial activity, including trapping and woodcutting is not permitted on Weyerhaeuser land without a Weyerhaeuser “Use Permit”. Governance and Corporate Responsibility Committee, Do Not Sell My Information (California Residents). 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