Weyerhaeuser Company

Weyerhaeuser Company announced the completion of the sale of its lumber mill in Princeton, to the Gorman Group. The transaction, which was announced in May, also includes Weyerhaeuser's associated British Columbia timber licenses, which will transfer separately. That transfer is expected to be completed over the coming months and is subject to customary closing conditions, including regulatory review. Weyerhaeuser [...]

Weyerhaeuser Company announced it has reached an agreement to sell its lumber mill in Princeton, to the Gorman Group, owners of Gorman Bros. Lumber Ltd., a family-owned wood products manufacturer headquartered in West Kelowna. The purchase price is approximately $120 million CAD in cash, which includes Weyerhaeuser's manufacturing facility, all associated timber license assets in British Columbia and the value of working [...]

Weyerhaeuser and Lapis Energy announced today the execution of an exclusive exploration agreement for subsurface carbon dioxide sequestration in Arkansas, Louisiana and Mississippi. The agreement covers 187,500 acres of subsurface rights owned by Weyerhaeuser and spans five potential sequestration sites, including two locations that were previously identified by Weyerhaeuser as prospective opportunities for carbon capture [...]

Weyerhaeuser Company today announced the appointment of James "Joc" C. O'Rourke, president and chief executive officer and a director of The Mosaic Company, to the company's board of directors. His appointment is effective immediately. "We are very pleased to welcome Joc to the Weyerhaeuser board of directors," said Rick R. Holley, chairman of the board of directors. "Joc brings more than 25 years of experience in mining [...]

Returning $0.90 per share supplemental dividend, resulting in $1.62 per share of total dividends based on 2022 results Delivering total cash return to shareholders of $1.75 billion, or 75 percent of Adjusted Funds Available for Distribution, based on 2022 results Weyerhaeuser Company today announced that its board of directors declared a supplemental dividend of $0.90 per share on the common stock of the company, payable [...]

Denbury Inc. and Weyerhaeuser Company today announced an agreement for the evaluation and potential development of a CO2 sequestration site in Mississippi. The lease agreement provides Denbury with the exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Simpson and Copiah Counties in Mississippi. The site is located directly adjacent to Denbury's NEJD [...]

Normal operations to resume with approval of new contract with IAM Weyerhaeuser Company today announced the successful resolution of a work stoppage involving members of the International Association of Machinists and Aerospace Workers union in Oregon and Washington. Weyerhaeuser has approximately 1,200 employees who are members of IAM, including employees in the company's Wood Products and Timberlands organizations, and [...]

Weyerhaeuser Company today announced the appointment of David Graham as president of Weyerhaeuser Company Limited, its wholly owned Canadian Subsidiary, effective January 1, 2022. Graham will report to Travis Keatley, senior vice president of Timberlands, and his appointment follows the planned retirement of Fred Dzida, who has served as president of the company's Canadian subsidiary since 2014 and will stay on through [...]

The AZEK® Company and Weyerhaeuser Company today announced an expansion of Weyerhaeuser's product portfolio with AZEK Building Products, a wholly owned subsidiary of The AZEK Company. Weyerhaeuser plans to expand its full line product offering of low-maintenance and environmentally sustainable TimberTech® Outdoor Living products and AZEK® Exteriors' products throughout the Texas market through its Dallas and Houston [...]

Weyerhaeuser Distribution now offers easy-to-install ClipStone® mortarless stone veneer products through its distribution centers serving the markets of Easton, Pa., Phoenix, Ariz., and four areas of California --- Stockton, Fresno, Santa Clarita and Fontana. ClipStone products feature a unique mounting clip design embedded in the back of each stone. The clips screw directly to the wall, with a lapping down design [...]