Industry News

Weyco Buying Alabama Timberlands

Weyerhaeuser Co. has agreed to purchase 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million.

Weyerhaeuser Co. has agreed to purchase 69,200 acres of high-quality Alabama timberlands from Soterra, a subsidiary of Greif, Inc., for approximately $149 million.

The deal is comprised of highly productive timberlands in southwest Alabama, about 100 miles north of Mobile. Its well-stocked timber inventory includes 76% plantation acreage with average age of 14 years, and an opportunity for increased productivity over time.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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