Published:
Views: 3952

Weyerhaeuser and Plum Creek Merger Creates “New Paul Bunyan”

The $8.4 billion merger of Weyerhaeuser Company with Plum Creek Timber Company created the nation’s largest private landowner, leading one analyst to label the 13-million-acre behemoth the “new Paul Bunyan.” The company, which will operate under the Weyerhaeuser name, has

SawedLogs_lg

The $8.4 billion merger of Weyerhaeuser Company with Plum Creek Timber Company created the nation’s largest private landowner, leading one analyst to label the 13-million-acre behemoth the “new Paul Bunyan.” The company, which will operate under the Weyerhaeuser name, has the potential to generate big returns for shareholders as Weyerhaeuser adds valuable timberlands as well as operations in prime locations in the South and Pacific Northwest. Weyerhaeuser will benefit from Plum Creek’s expertise in timberland acquisition and operations under the guidance of CEO Rick Holley. A new board of directors was recently announced, including eight from Weyerhaeuser, including CEO Doyle Simons, and five from Plum Creek, including Holley. “This is an exciting day for Weyerhaeuser as we bring together the best assets and talent in the industry,” said Simons. “In the coming months, we will be relentlessly focused on creating value for our shareholders by capturing cost synergies, leveraging our scale, sharing best practices, delivering the most value from every acre, and driving operational excellence.”

Read more about this 2015 Land Report Timberland Deal of the Year in the Spring issue of The Land Report.

Posted in Alabama, California, Feature, Florida, Georgia, Louisiana, North Carolina, Oregon, Pacific, South, South Carolina, Timber, Washington, West Virginia

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

Latest Tweets

News By Region

The Land Report | 2018 America's Best Brokerages
The Land Report is proudly partnered with: Hall and Hall Bates Land Consortium Mossy Oak Properties United Country Real Estate Live Water Properties Fay Ranches Inc. Mirr Ranch Group californiaoutdoorproperties.com Whitetail Properties TerraStone Land Company Hayden Outdoors Real Estate Western Ranches
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast