The KapStone deal, pending regulatory review, is expected to close this summer. 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. Weyerhaeuser signs onto agreement to advance sustainable forests as a natural climate solution. Please subscribe to keep reading. Weyerhaeuser to buy Brookfield's Longview Timber for $2.65-billion. Facility Description: Longview Lumber is located in Longview, Washington. Cravath represented Weyerhaeuser in connection with this transaction, which is subject to the satisfaction of customary closing conditions … The sale leaves Weyerhaeuser still owning a sawmill and log export operation at the Longview plant site and, of course, more than a half million acres of timber in Cowlitz County. 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. 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 … restated to reflect sales from timberlands to other Weyerhaeuser business segments only. 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 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. Weyerhaeuser. 10. Search for other Timber & Timberland Companies in Longview on … At Weyerhaeuser, we are proud to connect people with access to everything nature has to offer. The shares have gained 3 percent this year while the Dow Jones U.S. Real Estate Industry Group Index has climbed 4.9 percent. About two-thirds of the trees on the Longview lands are Douglas fir, a species that commands a premium in exports markets, Weyerhaeuser CEO Dan Fulton said on a conference call today. The company also manufactures wood products. Have a confidential tip for our reporters? Weyerhaeuser announced: 1) it had signed a definitive stock purchase agreement to acquire Longview Timber from Brookfield Capital Partners for $2.65bn. “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. To learn more about our managed access programs, visit the Our Programs page. Jul 23, 2013. 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. Western fee harvest for 2014 Q1 includes 921 News and Updates. Weyerhaeuser is buying Longview Timber for $2.65 billion from Brookfield Asset Management, the Federal Way-based company announced Sunday. Weyerhaeuser Completes Acquisition of Longview Timber LLC. In 2013, Weyerhäuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. The first cargo crossed the Port's new dock; officially dedicated on April 15, 1926. The big question for Weyerhaeuser is whether its recent $2.65 billion acquisition of Longview Timber from Brookfield Asset Management and Brookfield Infrastructure Partners will … 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 … “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. Visit the News and Updates page for important announcements related to recreation in our working forests. You can cancel at any time. Get up-to-the-minute news sent straight to your device. The deal will be the third-largest forestry acquisition in North America. The transaction increases the total amount of U.S. timberlands Weyerhaeuser owns or controls to approximately 6.6 million acres. Get reviews, hours, directions, coupons and more for Weyerhaeuser at 3401 Industrial Way, Longview, WA 98632. The firm owns and manages freehold timberlands. 2. 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. “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. … If the real value is higher than the market price, Weyerhaeuser is considered to be undervalued, and we provide a buy recommendation. 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. The Weyerhaeuser mill opened in June 1929. In 2013, Weyerhaeuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. 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. Weyerhaeuser Co. officials said Monday they expect to boost business at their Longview log export dock and sawmill with their pending purchase…. The name "Port of Kelso" could be seen in large letters on a warehouse. Weyerhaeuser converted into a real estate investment trust when it filed its 2010 tax return. More details on the debt-financing terms will be released after the equity financing is completed, Patricia Bedient, Weyerhaeuser’s chief financial officer, said on the call. The Weyerhauser deal will close in July. Weyerhaeuser’s precision manufacturing, process control and mill direct supply give you consistent, reliable lumber, delivered when you need it, where you want it. Weyerhaeuser's common shares outstanding increased to approximately 578 million basic shares, or 583 million shares on a diluted basis, during the second quarter of 2013 following the issuance of 29 million common shares in conjunction with the acquisition of Longview Timber LLC. Industry and investment analysts say Chinese demand for timber and lumber is … 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. Part of Weyerhaeuser Co., Longview Timber LLC is an American company located in Longview, WA. By Melodie Warner Weyerhaeuser Co. unveiled plans to offer common and preferred stock to help fund its acquisition of Longview Timber LLC. Workers at the KapStone kraft paper mill in Roanoke Rapids, N.C., have a say in hiring employees, producing new paper grades and buying equipment. The Longview Timber parcel includes 645,000 acres in California and Washington that are contiguous with existing timberlands owned by Weyerhaeuser, which is … You have permission to edit this article. 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. On June 16, 2013, Weyerhaeuser Company announced it has a signed definitive stock purchase agreement to acquire Longview Timber LLC from affiliates of Brookfield Asset Management Inc. for US$2.65 billion, which includes the assumption of debt. It was acquired by Weyerhaeuser Co. from Brookfield Asset Management, Inc. on 23 Jul 13 for $2,650 million. 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. 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. Weyerhaeuser, which also said that former Temple-Inland Inc. Chief Executive Officer Doyle Simons will take over as its CEO in August, will get about 645,000 acres (261,000 hectares) of timberlands in Washington and Oregon from buying Longview. 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. 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. Simons was chairman and CEO of cardboard-packaging company Temple-Inland for four years until its acquisition by International Paper Co. in 2012. It will offer 28 million common shares in a public offering, it said in a statement today. Weyerhaeuser Co., a major lumber producer based in Washington state, is buying Brookfield’s Longview Timber for $2.65-billion, including debt. 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…. Weyerhaeuser rose 1.3 percent to $28.66 in New York. Weyerhaeuser acquires Longview Timber. Enjoy unlimited articles at one of our lowest prices ever. 2. 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. Morgan Stanley, Deutsche Bank AG. Weyerhaeuser, in separate releases on Sunday, said its board had elected Doyle Simons president and chief executive officer, effective Aug. 1, to replace soon-retiring Chief Executive Dan Fulton. On July 4, 1926, the Weyerhaeuser Timber Company decided to build a lumber mill in Longview alongside their competitor Long-Bell's mill. ... Longview Timber June 2006 – January 2009 2 years 8 months. 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. Weyerhaeuser has completed of its acquisition of Longview Timber LLC from affiliates of Brookfield Asset Management. 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. Before it's here, it's on the Bloomberg Terminal. In 2014, Weyerhäeuser spun off its home building unit to TRI Pointe Homes in a $2.8 billion transaction. Western fee harvest for 2014 Q2 includes 988 thousand m3 from the Longview Timber acquisition, compared with 921 thousand m3 in 2014 Q1. 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 Longview facility is Weyerhaeuser's largest on the West Coast, he said. FEDERAL WAY, Wash., July 23, 2013 /PRNewswire/ -- Weyerhaeuser Company today announced the completion of its acquisition of Longview Timber LLC from … Attainment Area: Weyerhaeuser Longview Lumber (Longview Lumber) is located in an area which is in attainment for all criteria pollutants. Long hoped that Weyerhaeuser would use his Longview, Portland & Northern Railway to serve the new mill, but Weyerhaeuser had their own … The acquisition added 645,000 acres of timberland to Weyerhaeuser’s holdings in Oregon and Washington. The company wrote that its board had authorized the exploration of strategic alternatives for its homebuilding and real estate development business, Weyerhaeuser Real Estate Company. 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. 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. The deal will boost the U.S. acreage that it owns or controls to about 6.6 million. The acquisition added 645,000 acres (1,008 sq mi; 2,610 km 2) of timberland to Weyerhaeuser's holdings in Oregon and Washington. then {{format_dollars}}{{start_price}}{{format_cents}} per month. and Citigroup Inc. are managing the offerings, Weyerhaeuser said. Weyerhaeuser Company (NYSE:WY) made several announcements on Sunday around M&A and leadership changes. 9. Weyerhaeuser plans to boost its quarterly cash dividend to 22 cents a share in September from 20 cents. Longview Lumber is part of a larger 700+ acre site that includes a kraft pulp and paper mill, wastewater treatment plant, 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 … Weyerhaeuser Timber Company on May 17, 2005. The company said Fulton will serve as executive vice chairman of Weyerhaeuser’s board until his retirement in October. R. A. The company said yesterday in a statement that Simons will take over Aug. 1 from Fulton, who will retire this year. Weyerhaeuser Company (/ ˈ w ɛər h aʊ z ə r /) is an American timberland company which owns nearly 12,400,000 acres (19,400 sq mi; 50,000 km 2) of timberlands in the U.S. and manages an additional 14,000,000 acres (22,000 sq mi; 57,000 km 2) timberlands under long-term licenses in Canada. 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