Weyerhaeuser is selling 630,000 acres of timberland in Montana to a private timberland investment company for $145 million in cash. The transaction is expected to be completed in the second quarter of 2020.
The company’s three manufacturing facilities in Montana are not affected by this announcement. “Our manufacturing operations in Montana continue to deliver strong results,” Devin Stockfish, president and CEO of Weyerhaeuser, says. In November Weyerhaeuser completed the sale of 555,000 acres of timberland in northern Michigan.