WEYERHEAUSER TO SELL ANOTHER MILL

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WEYERHEAUSER TO SELL ANOTHER MILL

 user 2007-08-28 at 11:59:00 am Views: 54
  • #18639

    Weyerhaeuser to sell another mill
    August
    2007 — Vancouver (CAN): Weyerhaeuser has agreed to sell its Kamloops
    sawmill and associated timber harvesting rights to International Forest
    Products.Weyerhaeuser president Craig Neeser said: “This decision was
    taken after a thorough review of our strategic goals. The announcement
    reflects decades of solid work and attention to safety on the part of
    our employees that made this an attractive operation.”This
    agreement-in-principle is subject to approval by the company’s board of
    directors and required regulatory approvals. The transaction is
    expected to occur by Q4. Financial terms of the sale have not been
    disclosed.