We’ve learned it’s a Georgia-based timberlands company that will be purchasing Weyerhaeuser’s Montana holdings, in a deal announced last week.
Weyerhaeuser made headlines three years ago when it decided to close its Columbia Falls mill not long after buying Plum Creek Timber in an $8 billion deal. It cited a “continued shortage” of logs to run the mill as the reason for the shutdown.
Last week, Weyerhaeuser announced it will sell 630,000 acres for $145 million in cash , saying the deal was part of an “ongoing effort to strategically optimize their timberland portfolio.” However, the company didn’t divulge the buyers name.