About Longview Timber
Longview Timber owns and manages approximately 650,000 acres of prime, freehold timberlands in Washington and Oregon. The company manages its timberlands on a sustained-yield basis and is SFI Certified. The states' stringent Forest Practice Acts' are met and surpassed as part of our overall forest environmental protection activities. Longview Timber maintains an ongoing intensive reforestation program, with substantially more trees planted per acre annually than required by state law. In July 2013, Longview Timber was acquired by Weyerhaeuser. The valuation of Longview Timber was $2.65 billion. Other terms of the deal were not released.
Latest Longview Timber News
Jul 24, 2013
Pinterest × 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. (Logo: http://photos.prnewswire.com/prnh/20120111/AQ34535LOGO ) The acquisition includes approximately 645,000 acres of high-quality timberlands in Washington and Oregon, which expand Weyerhaeuser's timber holdings in the Pacific Northwest by 33 percent to approximately 2.6 million acres. The transaction increases the total amount of U.S. timberlands Weyerhaeuser owns or controls to approximately 6.6 million acres. "This acquisition is a truly unique opportunity for us to grow our high-value timberlands assets west of the Cascade Mountains," said Dan Fulton, president and CEO. "This region provides excellent soil and climate conditions for growing Douglas fir, which is a preferred species for many of our customers. We intend to leverage our silviculture, infrastructure, logistics and marketing expertise to realize the full potential of these lands, which are highly complementary to our existing ownership in the area. " About Weyerhaeuser Weyerhaeuser Company , one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 6.6 million acres of timberlands, primarily in the U.S., and manage another 14 million acres under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood and cellulose fibers products, and we develop real estate, primarily as a builder of single-family homes. Our company is a real estate investment trust. In 2012, we generated $7.1 billion in sales and employed approximately 13,200 people who serve customers worldwide. We are listed on the Dow Jones World Sustainability Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Forward-Looking Statements This news release contains statements concerning the company's future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, with respect to any benefits and impacts of the acquisition. Many factors could cause the actual results to differ materially from those projected including, without limitation, as described in the risk factors in our annual report on Form 10-K filed with the SEC on February 19, 2013 and the matters described in our quarterly report on Form 10-Q for the quarter ended March 31, 2013 and filed with the SEC. These forward-looking statements are based on various assumptions and may not be accurate because of risks and uncertainties surrounding these assumptions. The company will not update these forward-looking statements after the date of this news release. For more information contact:
Longview Timber Frequently Asked Questions (FAQ)
Where is Longview Timber's headquarters?
Longview Timber's headquarters is located at 10 International Way, Longview.
What is Longview Timber's latest funding round?
Longview Timber's latest funding round is Acquired.
Who are the investors of Longview Timber?
Investors of Longview Timber include Weyerhaeuser and Brookfield Asset Management.