The deal will boost the U.S. acreage that it owns or controls to about 6.6 million. Weyerhaeuser to buy Longview Timber for $2.65 billion, {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, NFL live: Follow the latest scores and update, Weyerhaeuser hoping Longview Timber purchase opens new markets, Leadership at fast-growing KapStone sees a 'perfect fit' in Longview Fibre, New owner KapStone eager to expand Longview Fibre's production, Illinois-based KapStone to buy Longview Fibre Paper and Packaging, VIDEO: U.S. Army Corps of Engineers improve Columbia River pile dikes, VIDEO: Old gym "K" mounted for display at Kelso High School, Covering Mount St. Helens: The story of a lifetime, VIDEO: Wildlife returns to Mount St. Helens. Weyerhaeuser. Get up-to-the-minute news sent straight to your device. Weyerhaeuser Partners With WDFW to Reopen 6,638 Acres to Public Walking It Back: Policy Change Comes Five Years After Timber Company Instituted Controversial Permit Program on … The company said Fulton will serve as executive vice chairman of Weyerhaeuser’s board until his retirement in October. Weyerhaeuser is buying Longview Timber for $2.65 billion from Brookfield Asset Management, the Federal Way-based company announced Sunday. On July 4, 1926, the Weyerhaeuser Timber Company decided to build a lumber mill in Longview alongside their competitor Long-Bell's mill. 9. At Weyerhaeuser, we are proud to connect people with access to everything nature has to offer. Weyerhaeuser’s precision manufacturing, process control and mill direct supply give you consistent, reliable lumber, delivered when you need it, where you want it. The announcement comes less than a week after Toronto-based Brookfield reached a deal to sell Longview Fibre Paper and Packaging — including the Longview mill and seven box plants in the Western U.S. — to KapStone Paper and Packaging Corp. for $1.025 billion. The Longview Timber parcel includes tracts that are contiguous with existing timberlands owned by Weyerhaeuser, who is already a major timberland owner and employer in Southwest Washington. Weyerhaeuser is buying Longview Timber for $2.65 billion from Brookfield Asset Management, the Federal Way-based company announced Sunday. 10. News and Updates. “We believe the price is reasonable given the high-quality assets and over-mature timberland” that will allow Weyerhaeuser to accelerate its tree harvesting, Quinn said in the note. The deal is the third-largest forestry acquisition in North America, including 645,000 acres of timberlands in … Beginning in 2013 Q3, Western volumes include results from the Longview Timber acquisition. FEDERAL WAY, Wash., July 23, 2013 / PRNewswire / -- Weyerhaeuser Company (NYSE: WY) today announced the completion of its acquisition of Longview Timber LLC from affiliates of Brookfield Asset Management. Longview Raw Material Manager at Weyerhaeuser Longview, Washington Paper & Forest Products. Brookfield agreed to sell its Longview Fibre Paper and Packaging Inc. unit to KapStone Paper and Packaging Corp. for $1.03 billion in cash, the Toronto-based investment company said yesterday in a statement. Simons was chairman and CEO of cardboard-packaging company Temple-Inland for four years until its acquisition by International Paper Co. in 2012. Weyerhaeuser has joined a group of 48 environmental, conservation and forest industry leaders in announcing an agreement of principles on the important role sustainably managed forests and forest products can play in mitigating climate change. Most of Weyerhaeuser's fundamental indicators, such as Number of Employees, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. Weyerhaeuser to buy Brookfield's Longview Timber for $2.65-billion. Weyerhaeuser announced: 1) it had signed a definitive stock purchase agreement to acquire Longview Timber from Brookfield Capital Partners for $2.65bn. Cravath represented Weyerhaeuser in connection with this transaction, which is subject to the satisfaction of customary closing conditions … The shares have gained 3 percent this year while the Dow Jones U.S. Real Estate Industry Group Index has climbed 4.9 percent. Weyerhaeuser plans to boost its quarterly cash dividend to 22 cents a share in September from 20 cents. NEW YORK -- Weyerhaeuser, a U.S. real-estate investment trust that owns timberland, agreed to buy Longview Timber for $2.65 billion including debt from affiliates of Brookfield Asset Management, in … Weyerhaeuser is paying $4,109 per acre for the timberland, more than the estimated $3,200 per-acre value of the company’s existing lands in the Pacific Northwest, Paul Quinn, a Vancouver-based analyst at RBC Capital Markets who has a buy rating on Weyerhaeuser, said today in a note to clients. The company said yesterday in a statement that Simons will take over Aug. 1 from Fulton, who will retire this year. Facility Description: Longview Lumber is located in Longview, Washington. 2. 2. Western fee harvest for 2014 Q2 includes 988 thousand m3 from the Longview Timber acquisition, compared with 921 thousand m3 in 2014 Q1. Weyerhaeuser Co., a major lumber producer based in Washington state, is buying Brookfield’s Longview Timber for $2.65-billion, including debt. That means Brookfield sold the two entities for $3.68 billion — about $1.5 billion more than they paid for all of Fibre’s assets in 2007. Attainment Area: Weyerhaeuser Longview Lumber (Longview Lumber) is located in an area which is in attainment for all criteria pollutants. Weyerhaeuser said it plans to finance the deal by raising about $2.45 billion through selling debt and equity and has a committed senior unsecured bridge loan facility with Morgan Stanley. In 2014, Weyerhäeuser spun off its home building unit to TRI Pointe Homes in a $2.8 billion transaction. Saying they are bullish on the Longview mill’s potential to grow, the prospective new owners of Longview Fibre Paper and Packaging suggested T…, Longview Fibre Paper and Packaging will be sold for $1.03 billion to KapStone Paper & Packaging Corp., an Illinois company with paper cont…. Visit the News and Updates page for important announcements related to recreation in our working forests. The name "Port of Kelso" could be seen in large letters on a warehouse. To learn more about our managed access programs, visit the Our Programs page. “While the timing of the (separate) sale transactions is coincidental, for investors in our funds these transactions represent monetization at excellent returns and puts each of these assets into the hands of strategic buyers who will be able to take them to the next level,” Cyrus Madon, Senior Managing Partner in Brookfield’s Private Equity Group, said in a release on Sunday. Industry and investment analysts say Chinese demand for timber and lumber is … Weyerhaeuser Co., a U.S. real-estate investment trust that owns timberland, agreed to buy Longview Timber LLC for $2.65 billion including debt from affiliates of Brookfield Asset Management Inc. in the third-largest forestry acquisition in North America. Weyerhaeuser will get about 645,000 acres of timberlands in Washington and Oregon boosting the acreage it owns or controls in the U.S. to about 6.6 million. 3535 Industrial Way. Weyerhaeuser Completes Acquisition of Longview Timber LLC. Weyerhaeuser said yesterday in another statement that it’s looking at options including a sale or spinoff for its Weyerhaeuser Real Estate Co. homebuilding and real estate development business. Weyerhaeuser has completed of its acquisition of Longview Timber LLC from affiliates of Brookfield Asset Management. Weyerhaeuser Co. (WY), a U.S. real-estate investment trust that owns timberland, agreed to buy Longview Timber LLC for $2.65 billion including debt from affiliates of Brookfield Asset Management Inc. (BAM/A) in the third-largest forestry acquisition in North America. On June 16, Weyerhaeuser announced that it will purchase Longview Timber for $2.65 billion next month, giving the Federal Way-based company 645,000 more acres of timberlands in Washington state and Oregon. Weyerhaeuser said Simons, 49, a former chief executive of the Temple-Inland corrugated packaging business before its acquisition by International Paper, would be active as CEO-elect immediately. The Weyerhauser deal will close in July. Please subscribe to keep reading. The firm owns and manages freehold timberlands. The Weyerhaeuser mill opened in June 1929. Beginning in 2013 Q3, Western volumes include results from the Longview Timber acquisition. restated to reflect sales from timberlands to other Weyerhaeuser business segments only. Before it's here, it's on the Bloomberg Terminal. then {{format_dollars}}{{start_price}}{{format_cents}} per month. The takeover is the largest forestry acquisition in North America after Resource Management Service LLC’s $5 billion purchase of International Paper Co. assets in 2006 and Plum Creek Timber Co.’s $3.34 billion acquisition of a timber business from Georgia-Pacific LLC in 2001, according to data compiled by Bloomberg. Search for other Timber & Timberland Companies in Longview on … It was acquired by Weyerhaeuser Co. from Brookfield Asset Management, Inc. on 23 Jul 13 for $2,650 million. It said the timber acquisition should immediately boost company earnings and that Weyerhaeuser intends to boost its quarterly dividend to 22 cents per share, from 20 cents per share, beginning with the third-quarter dividend that is payable in September. 1. The company also manufactures wood products. The acquisition added 645,000 acres of timberland to Weyerhaeuser’s holdings in Oregon and Washington. The company will also offer 10 million mandatory convertible preference shares at a price of $50 per share, which will automatically convert into a variable number of common shares on July 1, 2016, it said in a separate statement. FEDERAL WAY, Wash., July 23, 2013 /PRNewswire/ -- Weyerhaeuser Company today announced the completion of its acquisition of Longview Timber LLC from … Weyerhaeuser converted into a real estate investment trust when it filed its 2010 tax return. It will offer 28 million common shares in a public offering, it said in a statement today. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Europe Moves to Isolate U.K. as Mutant Virus Ruins Christmas, U.K.’s Hancock Says New Covid Mutation Is ‘Out of Control’, Musk Inquires About Moving ‘Large Transactions’ to Bitcoin, A Speculative Frenzy Is Sweeping Wall Street and World Markets, Moderna to Begin Delivery; London Lockdown Ordered: Virus Update. You have permission to edit this article. In 2013, Weyerhäuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. The Longview facility is Weyerhaeuser's largest on the West Coast, he said. If the real value is higher than the market price, Weyerhaeuser is considered to be undervalued, and we provide a buy recommendation. The deal is expected to close in July and immediately add to Weyerhaeuser’s funds for distribution, the Federal Way, Washington-based company said yesterday in a statement. “This transaction will expand Weyerhaeuser’s timber holdings in the Pacific Northwest by 33 percent to approximately 2.6 million acres and increase the total amount of U.S. timberlands it owns or controls to approximately 6.6 million acres,” Weyerhaeuser officials said in a news release Sunday. Buy Brookfield 's Longview Timber LLC from affiliates of Brookfield Asset Management, Weyerhaeuser. 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