Two timber companies announced a merger that will take effect in 2016, combining land holdings that reach nearly every corner of the country.
"Two of the largest timber companies in the United States, Weyerhaeuser and Plum Creek, announced plans Monday to merge under the Weyerhaeuser name," reports Amelia Templeton.
"The combined company will be the largest private timberland owner in the South and the Pacific Northwest, with stock worth $23 billion and a portfolio of more than 13 million acres," adds Templeton. Those lands span Oregon and Washington, Wisconsin and Michigan, Maine and Vermont, Louisiana and Mississippi, and more.
Templeton also notes that Plum Creek is already considered more of a player in real estate development, oil, gas and mineral leases, and wind business. The merger could produce more opportunities to develop land owned by the two companies.
Read the full story: Weyerhaeuser, Plum Creek Merger Creates Largest Timberland Owner In NW
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