Weyerhaeuser Company recently announced an agreement to purchase 80,800 acres of high-quality timberlands in North and South Carolina from a fund managed by Campbell Global for approximately $265 million. The acquisition is comprised of highly productive timberlands situated in strong coastal markets and strategically located to deliver immediate synergies with existing Weyerhaeuser timber and mill […]
Tag Archives: timberlands
11
Jan
Jan
Green Bay Packaging Inc. (GBP) announced they will begin construction of a new 600,000 square foot corrugator plant in Fort Worth, Texas. Construction on the site is set to begin in the first quarter of 2022 and startup operation is scheduled for the second quarter of 2023. The new “super-plant” will be replacing GBP’s current […]
31
Aug
Aug
CatchMark Timber Trust, Inc.announced a definitive agreement to sell 18,063 acres of prime Oregon timberlands – known as the Bandon property – for $100 million in cash, or approximately $5,536 per acre, to Roseburg Resources Co. CatchMark purchased the property in August 2018 for $88.8 million, or $4,916 per acre, exclusive of transaction costs. The company expects to recognize a gain on the sale in excess of $20 million in […]
03
Oct
Oct
When it comes to the issue of managing America’s forests, environmental and economic concerns can often seem incompatible. Those unfamiliar with forestry and silviculture practices oftentimes approach this subject believing that there is either one advantage or the other, but not both. This simply isn’t true, and any claim that America’s trees are used for […]
04
Sep
Sep
Green Bay Packaging Inc. (GBP) announced that it will begin construction of a new 550,000 sq. ft. corrugator plant in Tulsa, Oklahoma. Construction on the site is set to begin on September 1 and the start-up of the operation is scheduled for October 2021. The new “super-plant” will be replacing GBP’s current 180,000 sq. ft. […]