Weyerhaeuser Completes Sale of Hardwood Business
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Weyerhaeuser Co., Federal Way, Wash., USA, has completed the sale of its hardwoods business to American Industrial Partners, New York, N.Y. Total proceeds from the sale will be approximately $108 million. The business manufactures and distributes appearance lumber and plywood for use in cabinets, moldings, architectural millwork, panel furniture, and retail boards. It also makes material for use in pallet cants and ties.
Assets included in the transaction are located in Tuscumbia, Ala., Elkhart, Ind., Grand Rapids and Lewiston, Mich., Brainerd, Minn., Coos Bay, Eugene, and Garibaldi, Ore., Titusville, Pa., Arlington, Centralia, and Longview, Wash., and Dorchester and Onalaska, Wis.
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