{"id":78172,"date":"2019-09-26T09:44:08","date_gmt":"2019-09-26T09:44:08","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/weyerhaeuser-sell-michigan-timberlands\/"},"modified":"2025-09-19T08:51:44","modified_gmt":"2025-09-19T08:51:44","slug":"weyerhaeuser-sell-michigan-timberlands","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/weyerhaeuser-sell-michigan-timberlands\/","title":{"rendered":"Weyerhaeuser to sell its Michigan timberlands"},"content":{"rendered":"<p><em><strong>Weyerhaeuser Company\u00a0announced an agreement to sell its 555,000 acres of\u00a0<span class=\"xn-location\">Michigan<\/span>\u00a0timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for\u00a0<span class=\"xn-money\">$300 million<\/span>\u00a0in cash.<\/strong><\/em><\/p>\n<p>The company expects to recognize a gain on the sale and anticipates no tax liability in conjunction with the transaction.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"23\">\"This transaction in our Northern region encompasses a diverse mix of hardwood and softwood acres and is part of our ongoing effort to strategically optimize our timberlands portfolio,\" said Devin W. Stockfish, president and chief executive officer of Weyerhaeuser. \"Lyme will also welcome our exceptional team of highly skilled employees.\"<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"24\">\"Weyerhaeuser's\u00a0<span class=\"xn-location\">Michigan<\/span>\u00a0timberlands have been managed for decades by an expert team of professionals, and we look forward to working with them,\" said\u00a0<span class=\"xn-person\">Jim Hourdequin<\/span>, managing director and chief executive officer of The Lyme Timber Company LP. \"We're excited to be investing in a region known for the quality of its hardwood timberland, mill capacity, and logging and trucking infrastructure.\"<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"25\">The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2019.<\/p>","protected":false},"excerpt":{"rendered":"<p>Weyerhaeuser Company\u00a0announced an agreement to sell its 555,000 acres of\u00a0Michigan\u00a0timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for\u00a0$300 million\u00a0in cash. The company expects to recognize a gain on the sale and anticipates no &hellip; <a href=\"https:\/\/www.timberindustrynews.com\/ro\/weyerhaeuser-sell-michigan-timberlands\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":58232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713],"tags":[3813,3399],"class_list":["post-78172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","tag-timberlands","tag-weyerhaeuser","topic-forestry","topic-sawmilling","area-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weyerhaeuser to sell its Michigan timberlands - Timber Industry News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/weyerhaeuser-sell-michigan-timberlands\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weyerhaeuser to sell its Michigan timberlands - Timber Industry News\" \/>\n<meta property=\"og:description\" content=\"Weyerhaeuser Company\u00a0announced an agreement to sell its 555,000 acres of\u00a0Michigan\u00a0timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for\u00a0$300 million\u00a0in cash. 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Hueneme Paper Mill plant in Oxnard, Calif. The company said Friday, Oct. 30, 2009, it broke even in the third quarter, partly on after-tax proceeds of $98 million from the sale of 143,000 acres of Oregon timberland. 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