Weyerhaeuser may sell commercial division
Weyerhaeuser has announced that it is considering the sale of its commercial construction division. The business delivers wood-based framing products, including engineered lumber products, to commercial contractors through three manufacturing plants and 13 design and sales offices throughout the United States.
Lee Alford, senior vp-residential wood products, said in a prepared statement that Weyerhaeuser wants to focus on its core strategies in the residential structural frame market.
Weyerhaeuser gave no time frame for completing the review and said it could ultimately decide to hold on to part or all of its commercial assets.
Headquartered in Federal Way, Wash., Weyerhaeuser’s sales in 2006 were $21.9 billion.