Weyerhaeuser Completes Sale of Hardwoods Business

02.08.2011  |  Business Wire

Weyerhaeuser Company (NYSE: WY) today announced it has completed the
sale of its hardwoods business to American Industrial Partners.

Total proceeds from the sale will be approximately $108 million.

Assets included in the transaction are located in Tuscumbia, Ala.;
Elkhart, Ind.; Grand Rapids and Lewiston, Mich.; Brainerd, Minn.; Coos
Bay, Eugene and Garibaldi, Ore.; Titusville, Pa.; Arlington, Centralia
and Longview, Wash.; and Dorchester and Onalaska, Wis.

The business manufactures and distributes appearance lumber and plywood
for use in cabinets, mouldings, architectural millwork, panel furniture
and retail boards. It also makes material for use in pallet cants and
ties.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest forest products
companies, began operations in 1900. We grow and harvest trees, build
homes and make a range of forest products essential to everyday lives.
We manage our timberland on a sustainable basis in compliance with
internationally recognized forestry standards. At the end of 2010, we
employed approximately 14,000 employees in 10 countries. We have
customers worldwide and generated $6.6 billion in sales in 2010. Our
stock trades on the New York Stock exchange under the symbol WY.
Additional information about us is available at http://www.weyerhaeuser.com.