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| TABLE 4: Major U.S. industrial timberland sales, 1996-1997. |
| BUYER |
SELLER |
LOCATION |
ACRES
000 |
Total price
(million $) |
| Champion International |
Fort James |
Maine |
140 |
40e |
| Hancock Timber |
Crown Vantage |
N.H./Maine |
83 |
20e |
| Prudential Timber |
Mutual Life Ins. NY |
Fla./Ga. |
92 |
135 |
| Kymmene |
Blandin Paper |
Minn. |
192 |
58e |
| Crown Pacific |
Trillium |
Wash. |
65 |
153 |
| Forest Investment |
International Paper |
N.Y./Pa. |
175 |
200 |
| Hancock Timber |
James River |
Ala. |
95 |
110 |
| Sierra Pacific |
Georgia-Pacific |
Calif. |
127 |
320 |
| Alliance Forest |
Kimberly-Clark |
Ala. |
400 |
280 |
| 1996 |
| Mead |
Boise Cascade |
Maine |
667 |
133 |
| Stimson Lumber |
Plum Creek |
Wash./Idaho |
107 |
150 |
| Plum Creek |
Riverwood |
La./Ark. |
538 |
540 |
| U.S. Timberlands |
Weyerhaueser |
Oregon |
600 |
309 |
| Willamette Inds. (1) |
Cavenham |
Wash./Ore. |
391 |
860 |
| Crown Pacific |
Willamette |
Wash. |
207 |
205 |
| Temple-Inland |
Willamette |
La. |
230 |
90 |
| Hancock |
Willamette |
Ore. |
104 |
350 |
| Willamette Inds. (1) |
Cavenham |
La. |
156 |
94 |
| Weyerhaeuser |
Cavenham |
La. |
353 |
229 |
| Weyerhaeuser |
Cavenham |
Miss. |
309 |
200 |
| Union Camp |
Bowater |
S.C. |
121 |
122 |
| R-H Timber |
IP Timberlands |
Wash./Ore. |
300 |
900 |
Source: International Woodfiber Report
(1) Willamette Industries acquired a total 1.088 million acres from Cavenham Forestland and sold about half to other buyers. |
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