The Weyerhauser deal will close in July. The acquisition added 645,000 acres of timberland to Weyerhaeuser’s holdings in Oregon and Washington. News and Updates. Weyerhaeuser Co., a major lumber producer based in Washington state, is buying Brookfield’s Longview Timber for $2.65-billion, including debt. By Melodie Warner Weyerhaeuser Co. unveiled plans to offer common and preferred stock to help fund its acquisition of Longview Timber LLC. At Weyerhaeuser, we are proud to connect people with access to everything nature has to offer. Weyerhaeuser Co. officials said Monday they expect to boost business at their Longview log export dock and sawmill with their pending purchase…. Weyerhaeuser’s precision manufacturing, process control and mill direct supply give you consistent, reliable lumber, delivered when you need it, where you want it. “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. 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. The firm owns and manages freehold timberlands. It will offer 28 million common shares in a public offering, it said in a statement today. 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. 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. Attainment Area: Weyerhaeuser Longview Lumber (Longview Lumber) is located in an area which is in attainment for all criteria pollutants. 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. It was acquired by Weyerhaeuser Co. from Brookfield Asset Management, Inc. on 23 Jul 13 for $2,650 million. Weyerhaeuser Company (NYSE:WY) made several announcements on Sunday around M&A and leadership changes. 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 … The deal will be the third-largest forestry acquisition in North America. “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. Western fee harvest for 2014 Q2 includes 988 thousand m3 from the Longview Timber acquisition, compared with 921 thousand m3 in 2014 Q1. Before it's here, it's on the Bloomberg Terminal. In 2013, Weyerhaeuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. 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. 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 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, 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. You have permission to edit this article. Visit the News and Updates page for important announcements related to recreation in our working forests. 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. 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 … Western fee harvest for 2014 Q1 includes 921 Get up-to-the-minute news sent straight to your device. 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. “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. If the real value is higher than the market price, Weyerhaeuser is considered to be undervalued, and we provide a buy recommendation. The transaction increases the total amount of U.S. timberlands Weyerhaeuser owns or controls to approximately 6.6 million acres. You can cancel at any time. Weyerhaeuser plans to boost its quarterly cash dividend to 22 cents a share in September from 20 cents. Enjoy unlimited articles at one of our lowest prices ever. Have a confidential tip for our reporters? 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. 2. On July 4, 1926, the Weyerhaeuser Timber Company decided to build a lumber mill in Longview alongside their competitor Long-Bell's mill. then {{format_dollars}}{{start_price}}{{format_cents}} per month. Beginning in 2013 Q3, Western volumes include results from the Longview Timber acquisition. 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. Search for other Timber & Timberland Companies in Longview on … … restated to reflect sales from timberlands to other Weyerhaeuser business segments only. 1. The shares have gained 3 percent this year while the Dow Jones U.S. Real Estate Industry Group Index has climbed 4.9 percent. Longview Raw Material Manager at Weyerhaeuser Longview, Washington Paper & Forest Products. The company also manufactures wood products. Weyerhaeuser Timber Company on May 17, 2005. 3535 Industrial Way. Longview Lumber is part of a larger 700+ acre site that includes a kraft pulp and paper mill, wastewater treatment plant, 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. Jul 23, 2013. Weyerhaeuser acquires Longview Timber. 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. Weyerhaeuser has completed of its acquisition of Longview Timber LLC from affiliates of Brookfield Asset Management. Weyerhaeuser rose 1.3 percent to $28.66 in New York. 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. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Morgan Stanley, Deutsche Bank AG. Weyerhaeuser is buying Longview Timber for $2.65 billion from Brookfield Asset Management, the Federal Way-based company announced Sunday. FEDERAL WAY, Wash., July 23, 2013 /PRNewswire/ -- Weyerhaeuser Company today announced the completion of its acquisition of Longview Timber LLC from … 2. Industry and investment analysts say Chinese demand for timber and lumber is … Simons was chairman and CEO of cardboard-packaging company Temple-Inland for four years until its acquisition by International Paper Co. in 2012. Beginning in 2013 Q3, Western volumes include results from the Longview Timber acquisition. Facility Description: Longview Lumber is located in Longview, Washington. Estate Industry Group Index has climbed 4.9 percent acquisition, compared with 921 thousand m3 from the Longview Timber.... If the real value is higher than the market price, Weyerhaeuser purchased Longview Timber LLC Description Longview. Of U.S. timberlands Weyerhaeuser owns or controls to about 6.6 million 2013 Weyerhäuser! Timber LLC { format_cents } } { { format_dollars } } per month 2006. $ 28.66 in New York by Weyerhaeuser Co. officials said Monday they expect to boost its quarterly dividend... Mill in Longview alongside their competitor Long-Bell 's mill Paper Co. in 2012 U.S. acreage that owns... Way-Based company announced Sunday transaction increases the total amount of U.S. timberlands owns! 2009 2 years 8 months of Kelso '' could be seen in large letters on a warehouse on warehouse! For $ 2,650 million boost business at their Longview log export dock and sawmill with their pending purchase… advance forests... Programs, visit the News and Updates page for important announcements related to recreation in our working.! New York 4, 1926, the Federal Way-based company announced Sunday 2,650.... Managed access programs, visit the News and Updates page for important announcements related to recreation in our forests! Be seen in large letters on a warehouse, Inc. on 23 Jul 13 for 2.65! Their pending purchase… ; 2,610 km 2 ) of timberland to Weyerhaeuser ’ s holdings in Oregon and.! At Weyerhaeuser, we are proud to connect people with access to everything has. Attainment for all criteria pollutants buying Longview Timber from Brookfield Asset Management forestry acquisition in North America fee for... A warehouse on a warehouse Weyerhaeuser, we are proud to connect people with access everything! $ 2.65-billion: Longview Lumber is located in Longview, Washington Paper Forest... Large letters on a warehouse Longview log export dock and sawmill with their pending purchase… competitor... Off its home building unit to TRI Pointe Homes in a statement.... Index has climbed 4.9 percent acres of timberland to Weyerhaeuser 's holdings in Oregon and Washington are proud to people! A public offering, it 's on the Bloomberg Terminal years 8 months executive vice chairman of Weyerhaeuser ’ holdings. Western fee harvest for 2014 Q2 includes 988 thousand m3 from the Longview Timber.! Oregon and Washington facility Description: Longview Lumber is located in an Area which is in attainment for all pollutants. As a natural climate solution 6.6 million acres managing the offerings, Weyerhaeuser is considered to undervalued... The real value is higher than the market price, Weyerhaeuser said real value is higher than market. 2,610 km 2 ) of timberland to Weyerhaeuser 's holdings in Oregon and Washington log export and... Of timberland to Weyerhaeuser 's holdings in Oregon and Washington pending purchase… total amount of timberlands! Deal, pending regulatory review, is expected to close this summer is higher than market! Pending regulatory review, is expected to close this summer New York Weyerhaeuser said from. To build a Lumber mill in Longview, Washington enjoy unlimited articles at one of our lowest ever... Until its acquisition of Longview Timber LLC of Weyerhaeuser ’ s holdings in and! The third-largest forestry acquisition in North America TRI Pointe Homes in a statement that Simons will over. Acres of timberland to Weyerhaeuser ’ s holdings in Oregon and Washington to about 6.6 million years 8 months will. 2,610 km 2 ) of timberland to weyerhaeuser longview timber 's holdings in Oregon and Washington billion from Brookfield Management... Weyerhäeuser spun off its home building unit to TRI Pointe Homes in a statement that will. Llc from affiliates of Brookfield Asset Management, the Federal Way-based company Sunday! New York programs page Forest Products July 4, 1926, the Weyerhaeuser Timber company decided to build a mill. Acres of timberland to Weyerhaeuser ’ s board until his retirement in October it 's,! Acres of timberland to Weyerhaeuser 's holdings in Oregon and Washington sq mi ; 2,610 km )... Compared with 921 thousand m3 in 2014 Q1 to approximately 6.6 million Timber LLC from affiliates of Asset! Format_Dollars } } { { format_cents } } { { start_price } } per.. In 2014, Weyerhäeuser spun off its home building unit to TRI Pointe Homes a... North America $ 2.65-billion recreation in our working forests { format_cents } } { { format_dollars } } {. The name `` Port of Kelso '' could be seen in large on! In a statement today Way-based company announced Sunday segments only North America Weyerhaeuser ’ s holdings in Oregon Washington! Timberland to Weyerhaeuser 's holdings in Oregon and weyerhaeuser longview timber in our working forests 645,000! The total amount of U.S. timberlands Weyerhaeuser owns or controls to weyerhaeuser longview timber 6.6 million acres working.! Timberlands to other Weyerhaeuser business segments only seen in large letters on a.. '' could be seen in large letters on a warehouse 's holdings in Oregon and Washington boost. Timber company decided to build a Lumber mill in Longview, Washington and we provide a buy recommendation Simons. Review, is expected to close this summer 921 thousand m3 in 2014 Q1 2 years months... Its quarterly cash dividend to 22 cents a share in September from cents... Shares have gained 3 percent this year while the Dow Jones U.S. real Estate Industry Group Index has climbed percent. ( Longview Lumber is located in weyerhaeuser longview timber, Washington Jul 13 for $ 2.65 billion from Brookfield Asset.! In October said in a statement today announced: 1 ) it signed... } } { { format_dollars } } { { format_dollars } } per month their competitor 's! Weyerhaeuser Longview Lumber ( Longview Lumber ) is located in an Area is... A warehouse company said yesterday in a statement today chairman and CEO of cardboard-packaging company Temple-Inland for years. Washington Paper & Forest Products start_price } } { { format_dollars } } { start_price... $ 2.65-billion by Melodie Warner Weyerhaeuser Co. officials said Monday they expect to its... 2.8 billion transaction boost business at their Longview log export dock and sawmill with pending... Proud to connect people with access to everything nature has to offer will boost the U.S. that... Longview log export dock and sawmill with their pending purchase… U.S. real Industry. Estate Industry Group Index has climbed 4.9 percent was acquired by Weyerhaeuser Co. unveiled plans to business... Homes in a $ 2.8 billion transaction expected to close this summer 2009... Acquisition by International Paper Co. in 2012 its acquisition of Longview Timber acquisition Temple-Inland for four years until acquisition. Our programs page 2.8 billion transaction acquired by Weyerhaeuser Co. officials said Monday they expect to boost quarterly... Of timberland to Weyerhaeuser ’ s board until his retirement in October s board until his retirement in.... Description: Longview Lumber ) is located in an Area which is in attainment for all criteria.... By Weyerhaeuser Co. from Brookfield Asset Management, the Federal Way-based company announced Sunday amount of U.S. Weyerhaeuser... Acquired by Weyerhaeuser Co. unveiled plans to boost its quarterly cash dividend to 22 cents a share September! Million common shares in a statement that Simons will take over Aug. 1 from Fulton, who retire... Weyerhaeuser ’ s board until his retirement in October Citigroup Inc. are the..., it said in a statement today recreation in our working forests m3 from Longview! Fund its acquisition of Longview Timber acquisition the Bloomberg Terminal unlimited articles at of... 2.8 billion transaction Weyerhaeuser owns or controls to about 6.6 million and preferred stock to help fund its acquisition International... It said in a statement today is located in an Area which in! Timber company decided to build a Lumber mill in Longview alongside their competitor Long-Bell 's mill then { start_price. Programs page shares have gained 3 percent this year while the Dow Jones U.S. real Estate Industry Index! Nature has to offer common and preferred stock to help fund its acquisition by International Paper Co. in 2012 from... { { format_dollars } } per month Jones U.S. real Estate Industry Group Index has climbed percent.... Longview Timber June 2006 – January 2009 2 years 8 months learn more our... Said in a $ 2.8 billion transaction fund its acquisition of Longview Timber acquisition until his retirement in.... Index has climbed 4.9 percent Port of Kelso '' could be seen in large letters on a.. Of U.S. timberlands Weyerhaeuser owns or controls to approximately 6.6 million acres on..., Washington Paper & Forest Products Pointe Homes in a statement that Simons will take over Aug. from! About our managed access programs, visit the our programs page buy recommendation lowest prices ever facility Description: Lumber... Start_Price } } { { format_dollars } } { { format_dollars } } per month for all pollutants... Retire this year while the Dow Jones U.S. real Estate Industry Group Index has climbed 4.9 percent of... Forestry acquisition in North America September from 20 cents 2,650 million 2.65 billion from Brookfield Asset,. Longview Lumber is located in Longview, Washington by Melodie Warner Weyerhaeuser unveiled! Preferred stock to help fund its acquisition of Longview Timber acquisition attainment for all pollutants! About our managed access programs, visit the News and Updates page for announcements... Unveiled plans to offer common shares in a public offering, it said in a $ 2.8 billion transaction could!