Weyerhaeuser to sell Trus Joist Commercial
Federal Way, Wash.-based Weyerhaeuser plans to sell its Trus Joist Commercial division to Greenwich, Connecticut-based Atlas Holdings.
The transaction includes four manufacturing plants, located in Chino, Calif.; Hillsboro, Ore.; Delaware, Ohio; and Stayton, Ore. It would also include 13 sales and engineering offices. About 428 employees concentrated in the Northwest, Southwest and East serve the business.
Weyerhaeuser’s goal is to optimize its Commercial Business for long-term growth, according to Carlos Guilherme, iLevel by Weyerhaeuser vp-sales. The transaction would also “allow Weyerhaeuser to narrow its focus on core strategies in the residential structural frame market,” he said, in a prepared statement.
Terms of the deal were not disclosed. Weyerhaeuser’s sales were $16.3 billion in 2007.