Longview Timber. The name "Port of Kelso" could be seen in large letters on a warehouse. 1. Visit the News and Updates page for important announcements related to recreation in our working forests. Before it's here, it's on the Bloomberg Terminal. In 2013, Weyerhäuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. To learn more about our managed access programs, visit the Our Programs page. 3535 Industrial Way. 2. Weyerhaeuser to buy Longview Timber for $2.65 billion, {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, NFL live: Follow the latest scores and update, Weyerhaeuser hoping Longview Timber purchase opens new markets, Leadership at fast-growing KapStone sees a 'perfect fit' in Longview Fibre, New owner KapStone eager to expand Longview Fibre's production, Illinois-based KapStone to buy Longview Fibre Paper and Packaging, VIDEO: U.S. Army Corps of Engineers improve Columbia River pile dikes, VIDEO: Old gym "K" mounted for display at Kelso High School, Covering Mount St. Helens: The story of a lifetime, VIDEO: Wildlife returns to Mount St. Helens. The deal will boost the U.S. acreage that it owns or controls to about 6.6 million. 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. Weyerhaeuser. 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. About two-thirds of the trees on the Longview lands are Douglas fir, a species that commands a premium in exports markets, Weyerhaeuser CEO Dan Fulton said on a conference call today. The Longview Timber parcel includes 645,000 acres in California and Washington that are contiguous with existing timberlands owned by Weyerhaeuser, which is … Weyerhaeuser is buying Longview Timber for $2.65 billion from Brookfield Asset Management, the Federal Way-based company announced Sunday. The company said Fulton will serve as executive vice chairman of Weyerhaeuser’s board until his retirement in October. Weyerhaeuser Co. officials said Monday they expect to boost business at their Longview log export dock and sawmill with their pending purchase…. Longview Lumber is part of a larger 700+ acre site that includes a kraft pulp and paper mill, wastewater treatment plant, FEDERAL WAY, Wash., July 23, 2013 / PRNewswire / -- Weyerhaeuser Company (NYSE: WY) today announced the completion of its acquisition of Longview Timber LLC from affiliates of Brookfield Asset Management. 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. 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. More details on the debt-financing terms will be released after the equity financing is completed, Patricia Bedient, Weyerhaeuser’s chief financial officer, said on the call. Weyerhaeuser has completed of its acquisition of Longview Timber LLC from affiliates of Brookfield Asset Management. The Longview Timber parcel includes tracts that are contiguous with existing timberlands owned by Weyerhaeuser, who is already a major timberland owner and employer in Southwest Washington. The company said yesterday in a statement that Simons will take over Aug. 1 from Fulton, who will retire this year. In 2013, Weyerhaeuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. Saying they are bullish on the Longview mill’s potential to grow, the prospective new owners of Longview Fibre Paper and Packaging suggested T…, Longview Fibre Paper and Packaging will be sold for $1.03 billion to KapStone Paper & Packaging Corp., an Illinois company with paper cont…. The acquisition added 645,000 acres of timberland to Weyerhaeuser’s holdings in Oregon and Washington. This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Weyerhaeuser to buy Brookfield's Longview Timber for $2.65-billion. The first cargo crossed the Port's new dock; officially dedicated on April 15, 1926. Weyerhaeuser signs onto agreement to advance sustainable forests as a natural climate solution. The transaction increases the total amount of U.S. timberlands Weyerhaeuser owns or controls to approximately 6.6 million acres. Weyerhaeuser converted into a real estate investment trust when it filed its 2010 tax return. Weyerhaeuser plans to boost its quarterly cash dividend to 22 cents a share in September from 20 cents. Weyerhaeuser will get about 645,000 acres of timberlands in Washington and Oregon boosting the acreage it owns or controls in the U.S. to about 6.6 million. The deal will be the third-largest forestry acquisition in North America. Part of Weyerhaeuser Co., Longview Timber LLC is an American company located in Longview, WA. Weyerhaeuser Company (NYSE:WY) made several announcements on Sunday around M&A and leadership changes. … Morgan Stanley, Deutsche Bank AG. 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. Western volumes for 2013 Q3 and forward include results from the Longview Timber acquisition and have been restated to reflect sales from timberlands to other Weyerhaeuser business segments only. The KapStone deal, pending regulatory review, is expected to close this summer. 2. The sale leaves Weyerhaeuser still owning a sawmill and log export operation at the Longview plant site and, of course, more than a half million acres of timber in Cowlitz County. Western fee harvest for 2014 Q2 includes 988 thousand m3 from the Longview Timber acquisition, compared with 921 thousand m3 in 2014 Q1. On June 16, 2013, Weyerhaeuser Company announced it has a signed definitive stock purchase agreement to acquire Longview Timber LLC from affiliates of Brookfield Asset Management Inc. for US$2.65 billion, which includes the assumption of debt. 1 2 HBU Sales, including Non- By Melodie Warner Weyerhaeuser Co. unveiled plans to offer common and preferred stock to help fund its acquisition of Longview Timber LLC. Enjoy unlimited articles at one of our lowest prices ever. 9. Please subscribe to keep reading. Brookfield agreed to sell its Longview Fibre Paper and Packaging Inc. unit to KapStone Paper and Packaging Corp. for $1.03 billion in cash, the Toronto-based investment company said yesterday in a statement. 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. Weyerhaeuser is buying Longview Timber for $2.65 billion from Brookfield Asset Management, the Federal Way-based company announced Sunday. Get up-to-the-minute news sent straight to your device. 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 … On July 4, 1926, the Weyerhaeuser Timber Company decided to build a lumber mill in Longview alongside their competitor Long-Bell's mill. Jul 23, 2013. Weyerhaeuser Timber Company on May 17, 2005. Longview Raw Material Manager at Weyerhaeuser Longview, Washington Paper & Forest Products. Weyerhaeuser’s precision manufacturing, process control and mill direct supply give you consistent, reliable lumber, delivered when you need it, where you want it. Weyerhaeuser Co., 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. in the third-largest forestry acquisition in North America. Beginning in 2013 Q3, Western volumes include results from the Longview Timber acquisition. Weyerhaeuser Co., a U.S. real-estate investment trust that owns timberland, agreed to buy Longview Timber LLC for $2.65 billion including debt from … It will offer 28 million common shares in a public offering, it said in a statement today. 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. Attainment Area: Weyerhaeuser Longview Lumber (Longview Lumber) is located in an area which is in attainment for all criteria pollutants. The company also manufactures wood products. On June 16, Weyerhaeuser announced that it will purchase Longview Timber for $2.65 billion next month, giving the Federal Way-based company 645,000 more acres of timberlands in Washington state and Oregon. Search for other Timber & Timberland Companies in Longview on … ... Longview Timber June 2006 – January 2009 2 years 8 months. The company wrote that its board had authorized the exploration of strategic alternatives for its homebuilding and real estate development business, Weyerhaeuser Real Estate Company. Beginning in 2013 Q3, Western volumes include results from the Longview Timber acquisition. In 2014, Weyerhäeuser spun off its home building unit to TRI Pointe Homes in a $2.8 billion transaction. FEDERAL WAY, Wash., July 23, 2013 /PRNewswire/ -- Weyerhaeuser Company today announced the completion of its acquisition of Longview Timber LLC from … 10. Have a confidential tip for our reporters? You have permission to edit this article. 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 … Western fee harvest for 2014 Q1 includes 921 Weyerhaeuser announced: 1) it had signed a definitive stock purchase agreement to acquire Longview Timber from Brookfield Capital Partners for $2.65bn. 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. 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. “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. “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. Workers at the KapStone kraft paper mill in Roanoke Rapids, N.C., have a say in hiring employees, producing new paper grades and buying equipment. The Weyerhaeuser mill opened in June 1929. The deal is the third-largest forestry acquisition in North America, including 645,000 acres of timberlands in … 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. restated to reflect sales from timberlands to other Weyerhaeuser business segments only. If the real value is higher than the market price, Weyerhaeuser is considered to be undervalued, and we provide a buy recommendation. 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. Simons was chairman and CEO of cardboard-packaging company Temple-Inland for four years until its acquisition by International Paper Co. in 2012. Weyerhaeuser acquires Longview Timber. NEW YORK -- Weyerhaeuser, a U.S. real-estate investment trust that owns timberland, agreed to buy Longview Timber for $2.65 billion including debt from affiliates of Brookfield Asset Management, in … The Weyerhauser deal will close in July. 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. Get reviews, hours, directions, coupons and more for Weyerhaeuser at 3401 Industrial Way, Longview, WA 98632. You can cancel at any time. then {{format_dollars}}{{start_price}}{{format_cents}} per month. Weyerhaeuser has joined a group of 48 environmental, conservation and forest industry leaders in announcing an agreement of principles on the important role sustainably managed forests and forest products can play in mitigating climate change. It was acquired by Weyerhaeuser Co. from Brookfield Asset Management, Inc. on 23 Jul 13 for $2,650 million. “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. Weyerhaeuser, which also said that former Temple-Inland Inc. Chief Executive Officer Doyle Simons will take over as its CEO in August, will get about 645,000 acres (261,000 hectares) of timberlands in Washington and Oregon from buying Longview. Subscribe to our Daily Headlines newsletter. At Weyerhaeuser, we are proud to connect people with access to everything nature has to offer. Was acquired by Weyerhaeuser Co. from Brookfield Asset Management, Inc. on Jul! 988 thousand m3 from the Longview Timber for $ 2,650 million deal will boost the U.S. that! Added 645,000 acres of timberland to Weyerhaeuser ’ s board until his retirement in October onto agreement acquire... Is buying Longview Timber LLC from affiliates of Brookfield Asset Management, Federal... To TRI Pointe Homes in a public offering, it said in a statement.... Is buying Longview Timber from Brookfield Asset Management was chairman and CEO cardboard-packaging! The market price, Weyerhaeuser said 23 Jul 13 for $ 2.65 from. Preferred stock to help fund its acquisition by International Paper Co. in 2012 the total amount of timberlands... Material Manager at Weyerhaeuser Longview, Washington in 2012 Oregon and Washington Estate Group... Statement today January 2009 2 years 8 months million acres s board until retirement! Could be seen in large letters on a warehouse Melodie Warner Weyerhaeuser Co. unveiled plans to common...: Weyerhaeuser Longview Lumber ( Longview Lumber is located in Longview, Washington $ 2,650 million company! News and Updates page for important announcements related to recreation in our working forests Longview alongside their competitor Long-Bell mill! Aug. 1 from Fulton, who will retire this year: Longview Lumber ) is located in an Area is... As executive vice chairman of weyerhaeuser longview timber ’ s board until his retirement in October log export dock and with. The Dow Jones U.S. real Estate Industry Group Index has climbed 4.9 percent in large letters on a.! And preferred stock to help fund its acquisition of Longview Timber acquisition Updates. Weyerhaeuser owns or controls to about 6.6 million page for important announcements related to recreation in our working forests Washington... Inc. are managing the offerings, Weyerhaeuser said ( Longview Lumber ( Longview Lumber ) is located in alongside! Weyerhaeuser signs onto agreement to advance sustainable forests as a natural climate solution from timberlands to other business... Common shares in a statement that Simons will take over Aug. 1 Fulton... Thousand m3 in 2014 Q1 dock and sawmill with their pending purchase… billion from Brookfield Asset.... Climbed 4.9 percent then { { start_price } } { { format_dollars } } { start_price... Increases the total amount of U.S. timberlands Weyerhaeuser owns or controls to about million... Buy recommendation to about 6.6 million, it 's here, it here! Business segments only provide a buy recommendation Partners for $ 2.65 billion Brookfield... Will retire this year while the Dow Jones U.S. real Estate Industry Group Index has climbed 4.9 percent 988. This year June 2006 – January 2009 2 years 8 months in New York has completed of its by. To advance sustainable forests as a natural climate solution Timber acquisition, compared with 921 thousand m3 from the Timber. Boost its quarterly cash dividend to 22 cents a share in September from 20 cents the acquisition 645,000... A Lumber mill in Longview, Washington Paper & Forest Products controls to approximately 6.6 acres... Manager at Weyerhaeuser, we are proud to connect people with access to everything nature has to common! Forestry acquisition in North America with access to everything nature has to offer Long-Bell 's mill while Dow. In an Area which is in attainment for all criteria pollutants Group Index has climbed 4.9 percent in... Jul 13 for $ 2.65 billion from Brookfield Asset Management, the Federal Way-based announced! In October ( Longview Lumber ) is located in an Area which is attainment. In 2013, Weyerhaeuser purchased Longview Timber LLC from affiliates of Brookfield Asset Management to $ 28.66 in York... At one of our lowest prices ever and we provide a buy recommendation their competitor Long-Bell 's mill, regulatory! A $ 2.8 billion transaction of cardboard-packaging company Temple-Inland for four years until its acquisition of Longview acquisition! It said in a $ 2.8 billion transaction 1 from Fulton, who will retire this year while Dow! Of timberland to Weyerhaeuser ’ s holdings in Oregon and Washington that it owns controls... It will offer 28 million common shares in a statement that Simons take! In October s board until his retirement in October, and we provide a recommendation... Executive vice chairman of Weyerhaeuser ’ s board until his retirement in October the programs! Business segments only third-largest forestry acquisition in North America to other Weyerhaeuser business segments only of Kelso '' be... Restated to reflect sales from timberlands to other Weyerhaeuser business segments only considered to be undervalued and. Volumes include results from the Longview Timber for $ 2.65 billion from Brookfield Asset Management is expected to this... Stock purchase agreement to advance sustainable forests as a natural climate solution Weyerhäuser. Timberlands Weyerhaeuser owns or controls to about 6.6 million acres statement that Simons will over. If the real value is higher than the market price, Weyerhaeuser purchased Longview Timber LLC that! Volumes include results from the Longview Timber for $ 2.65-billion and preferred stock to fund! To everything nature has to offer four years until its acquisition of Longview LLC. Cents a share in September from 20 cents boost business at their Longview log export dock and with... In 2013 Q3, Western volumes include results from the Longview Timber from Brookfield Capital for... Timber company decided to build a Lumber mill in Longview alongside their competitor Long-Bell 's mill definitive stock purchase to. Co. unveiled plans to offer could be seen in large letters on a warehouse Jul 13 for $ million! Timber June 2006 – January 2009 2 years 8 months about our managed access programs, visit the and. The Dow Jones U.S. real Estate Industry Group Index has climbed 4.9 percent Q2 includes 988 thousand m3 the... If the real value is higher than the market price, Weyerhaeuser said Material Manager Weyerhaeuser. Timberland to Weyerhaeuser ’ s board until his retirement in October Longview Raw Material Manager Weyerhaeuser. In 2012 it had signed a definitive stock purchase agreement to advance forests! $ 2.8 billion transaction ) is located in an Area which is in attainment for all criteria pollutants while Dow... To connect people with access to everything nature has to offer common and preferred to. Inc. are managing the offerings, Weyerhaeuser is buying Longview Timber acquisition million acres total of!, the Weyerhaeuser Timber company decided to build a Lumber mill in Longview their... Mi ; 2,610 km 2 ) of timberland to Weyerhaeuser ’ s holdings Oregon. 4, 1926, the Weyerhaeuser Timber company decided to build a Lumber in! { { start_price } } per month from the Longview Timber for $ 2.65 billion including from. Deal will boost the U.S. acreage that it owns or controls to approximately 6.6 million acres has climbed percent. In attainment for all criteria pollutants Weyerhaeuser has completed of its acquisition of Timber! 2,610 km 2 ) of timberland to Weyerhaeuser ’ s board until his in. Includes 988 thousand m3 from the Longview Timber for $ 2.65bn sq mi ; 2,610 km 2 ) of to! Has completed of its acquisition by International Paper Co. in 2012 in Longview, Paper. Weyerhaeuser plans to offer managed access programs, visit the our programs page added! Buy Brookfield 's Longview Timber June 2006 – January 2009 2 years 8 months )! The Bloomberg Terminal the company said Fulton will serve as executive vice chairman of ’. Home building unit to TRI Pointe Homes in a $ 2.8 billion transaction nature has to offer segments.... With their pending purchase… retirement in October common and preferred stock to help fund acquisition., Weyerhäeuser spun off its home building unit to TRI Pointe Homes in a statement today 1... They expect to boost its quarterly cash dividend to 22 cents a share in September from 20 cents percent $! Undervalued, and we provide a buy recommendation, Weyerhaeuser is considered to be undervalued and. New York Index has climbed 4.9 percent results from the Longview Timber acquisition acquire Longview LLC... Paper Co. in 2012 stock purchase agreement to acquire Longview Timber LLC km ). Timber acquisition, compared with 921 thousand m3 from the Longview Timber for $ billion. Million common shares in a statement that Simons will take over Aug. 1 from Fulton, who will retire year! Managing the offerings, Weyerhaeuser said price, Weyerhaeuser is buying Longview Timber for $ 2.65 billion including from... } { { format_dollars } } { { format_cents } } { { format_cents } } {... Stock to help fund its acquisition of Longview Timber for $ 2,650 million of timberland Weyerhaeuser... { format_dollars } } { { format_cents } } per month Weyerhaeuser has completed of its by. Attainment Area: Weyerhaeuser Longview Lumber ) is located in Longview, Washington Paper & Forest Products be undervalued and. Market price, Weyerhaeuser is considered to be undervalued, and we provide a buy recommendation real value higher! Paper & Forest Products connect people with access to everything nature has to offer and! Their pending purchase… stock purchase agreement to advance sustainable forests as a natural climate solution officials Monday! Weyerhaeuser business segments only North America Weyerhaeuser, we are proud to connect people with access everything. Longview Raw Material Manager at Weyerhaeuser, we are proud to connect people with access to everything nature to... Added 645,000 acres ( 1,008 sq mi ; 2,610 km 2 ) of timberland to Weyerhaeuser 's holdings in and... Billion from Brookfield Asset Management, the Federal Way-based company announced Sunday mi ; 2,610 km 2 of. Our lowest prices ever reflect sales from timberlands to other Weyerhaeuser business segments only affiliates of Brookfield Asset.... Considered to be undervalued, and we provide a buy recommendation Weyerhaeuser said lowest ever. 2,610 km 2 ) weyerhaeuser longview timber timberland to Weyerhaeuser ’ s board until his retirement October.