Weyerhaeuser Expands Timberlands With $375M Deal
Weyerhaeuser Company (NYSE: WY) is investing $375 million to acquire 117,000 acres of high-quality timberlands in North Carolina and Virginia from Roanoke Timberlands LLC, enhancing its Southern Timberlands portfolio with mature pine acreage and strong harvest potential. This deal is expected to generate an average annual harvest of 860,000 tons over the next five years, delivering a 5.1% timber free cash flow yield, while also providing opportunities for real estate and carbon credit initiatives.
