SEATTLE, July 8, 2021 /PRNewswire/ -- Weyerhaeuser
Company (NYSE: WY) today announced the completion of the
sale of 145,000 acres of timberlands in the North Cascades region
of Washington to Hampton Resources
for $266 million. The transaction was
announced in April 2021, and the
company anticipates no tax liability in conjunction with the
sale.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the
world's largest private owners of timberlands, began
operations in 1900. We own or control approximately 11 million
acres of timberlands in the U.S. and manage additional timberlands
under long-term licenses in Canada. We manage these timberlands on
a sustainable basis in compliance with internationally
recognized forestry standards. We are also one of the largest
manufacturers of wood products in America. Our company is
a real estate investment trust. In 2020, we
generated $7.5 billion in net sales and employed
approximately 9,400 people who serve customers worldwide. We are
listed on the Dow Jones Sustainability North America Index. Our
common stock trades on the New York Stock Exchange under the symbol
WY. Learn more at www.weyerhaeuser.com.
FORWARD-LOOKING STATEMENTS
This news release contains
statements that are forward-looking within the meaning of the
Private Securities Litigation Reform Act of 1995 with respect to
the company's expectations concerning the tax implications related
to the disposition of certain of its Washington timberlands. These statements are
based on current expectations and involve and are subject to
assumptions, risks and uncertainties that could cause actual
results to differ materially from such forward-looking statements.
The company undertakes no obligation to update any of these
forward-looking statements after the date of this news release.
For more information contact:
Analysts –
Beth Baum, 206-539-3907
Media – Nancy Thompson,
919-861-0342
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SOURCE Weyerhaeuser Company