Content about Weyerhaeuser Company

July 8, 2014

Federal Way, Washington-based Weyerhaeuser Company announced the successful closing of a deal to separate its home-building business from its forest products core.

The previously announced "Reverse Morris Trust" transaction results in the merger of a TRI Pointe Homes subsidiary and Weyerhaeuser Real Estate Co., Weyerhaeusers’ home-building business. WRECO becomes a wholly owned subsidiary of TRI Pointe. 

November 4, 2013

Tri Pointe Homes, Inc. is merging with Weyerhaeuser Co.'s homebuilding business in a deal worth $2.7 billion, pending approval from Tri Pointe shareholders.

Weyerhaeuser Real Estate Co. will become a Tri Pointe subsidiary, with 80.5% ownership of the combined company to be distributed to Weyerhaeuser's shareholders. Pre-transaction Tri Pointe shareholders will own the remaining 19.5%.

The transaction doesn't include all Weyerhaeuser Real Estate assets, however; those remaining will be kept by Weyerhaeuser.

August 13, 2013

With its recent Longview Timber acquisition under its belt, Weyerhaeuser Company has positioned itself as one of North America's leading private sustainable forestry operations.

The company, which recently added 645,000 acres of forestland to its portfolio in Washington and Oregon, now manages 20.5 million acres of forestland in the U.S. and Canada that's been certified to the Sustainable Forestry Initiative standard.

August 5, 2013

In response to high risk of forest fires in the region, Weyerhaeuser Company is closing its Oregon tree farms to public access.

Effective immediately, all statewide Weyerhaeuser tree farms will remain closed until rainfall and temperature conditions improve. As an exception, those in Clatsop and Tillamook Counties will remain open for non-moterized recreation access.

August 1, 2013

Weyerhaeuser's recently released second-quarter results highlighted more than one major milestone for the company.

On a year-ago basis, net earnings before special items quadrupled to $196 million, compared with last year's second-quarter earnings of $47 million.

Net sales increased by approximately 20% to a post-recession record of $2.1 billion. 

July 24, 2013

Weyerhaeuser Company has completed its acquisition of Longview Timber LLC. The deal includes approximately 645,000 acres of timberlands in Washington and Oregon.

June 24, 2013

Timberlands dealer and wood manufacturer Weyerhaeuser Co. has a new president and CEO, effective Aug. 1. Doyle Simons will be succeeding incumbent retiree Dan Fulton, who will then serve as executive vice chairman of the board of directors until his retirement in October.

Simons, who was previously chairman and CEO of Temple-Inland, is currently acting as CEO elect for Weyerhaeuser and has been serving on its board of directors since June 2012. He was also appointed RISI's 2009 North American CEO of the Year in the paper and forest products industry.

April 26, 2013

Braced by strong sales of wood products, the Federal Way, Wash.-based company reported a sales increase of 33%.

Braced by strong sales of wood products, Federal Way, Wash.-based Weyerhaeuser Co. reported net earnings of $144 million for the first quarter. This compares with net earnings before special items of $9 million for the same period last year.

Net sales for the first quarter of 2013 rose 33% to $2.0 billion, compared with net sales of $1.5 billion for the first quarter of 2012.

October 26, 2012

Weyerhaeuser Co. reported net sales of $1.79 billion for its third fiscal quarter, compared with net sales of $1.57 billion for the third quarter of 2011.

Net earnings for the quarter, which ended Sept. 30, were $117 million, compared with $157 million in the third quarter of 2011. (That quarter included $24 million in net earnings from discontinued operations.) Before special items, Weyerhaeuser reported net earnings for the third quarter of $117 million, compared with $66 million a year ago.

July 27, 2012

Weyerhaeuser Co., one of the industry’s largest supplier of wood products, reported net sales from continuing operations of $1.8 billion for its second fiscal quarter, a 12.5% increase over net sales from continuing operations of $1.6 billion in the second quarter a year ago.

July 9, 2012

Weyerhaeuser Co. has announced its official preference for purchasing wood that is certified under the American Tree Farm System (ATFS), a program of the American Forest Foundation. More than 89,000 family forest owners managing 27 million acres of forestland are part of the American Tree Farm System.

June 15, 2012

Federal Way, Wash.-based Weyerhaeuser Co. announced that Doyle Simons, 48, will join its board of directors, effective June 29.

Simons' appointment follows the departure of Arnold Langbo, who retired from Weyerhaeuser's board in 2011.

April 12, 2012

The Board of Directors of Federal Way, Wash.-based Weyerhaeuser Co. declared a dividend of $0.15 per share on the common stock of the corporation payable June 1, 2012, to shareholders of record at the close of business May 11, 2012.

Weyerhaeuser, one of the world's largest forest products companies, began operations in 1900. The company grows and harvest trees, builds homes and makes a range of forest products. At the end of 2011, the company generated annual sales of $6.2 billion and employed approximately 12,800 employees in 11 countries. 

 

February 3, 2012

Federal Way, Wash.-based Weyerhaeuser Co. reported net earnings of $65 million for the fourth quarter, on net sales from continuing operations of $1.6 billion. This compares with net earnings of $171 million on net sales from continuing operations of $1.5 billion for the same period last year.

September 13, 2011

Weyerhaeuser announced that it has been named to the Dow Jones Sustainability World Index, which tracks companies in terms of their economic, environmental and social performance. 

August 2, 2011

Federal Way, Wash.-based Weyerhaeuser Co. has completed the sale of its hardwoods business to American Industrial Partners.

Total proceeds from the sale will be approximately $108 million.

Assets included in the transaction are located in Tuscumbia, Ala.; Elkhart, Ind.; Grand Rapids and Lewiston, Mich.; Brainerd, Minn.; Coos Bay, Eugene and Garibaldi, Ore.; Titusville, Pa.; Arlington, Centralia and Longview, Wash.; and Dorchester and Onalaska, Wis.

June 22, 2011

Weyerhaeuser is selling its hardwoods and industrial products business unit to American Industrial Partners (AIP).

AIP announced the "definitive agreement" Wednesday and said the deal should close in August.  The new business will operate as Northwest Hardwoods Inc., headquartered in Tacoma, Wash., with operations in the United States, Canada, China, Japan and Hong Kong.

February 4, 2011

Weyerhaeuser Co. has reported net earnings of $171 million for its fourth quarter of 2010, compared with a loss of $175 million in the same quarter a year ago. Earnings for the quarter include after-tax gains of $119 million from special items. Excluding those items, Weyerhaeuser reported net earnings of $52 million.

Net sales for the forestry company were $1.66 billion, compared with sales of $1.45 billion in the fourth quarter of 2009.

October 14, 2010

Federal Way, Wash.-based Weyerhaeuser announced it has entered into a shareholder-managed Sustainable Forest License (SFL),...

April 27, 2008

The forest products company has been unable to sell the Canadian facility....

December 20, 2007

The donations will help the hardest hit Washington and Oregon communities....