Weyerhaeuser sells 100,000 Southern US acres to Twin Creeks for $2,020/acre, or $202 million

SEATTLE, WA, Oct. 12, 2017 (PRNewswire) -Weyerhaeuser Company today announced the redemption of its 21 percent ownership interest in the Twin Creeks Timber, LLC joint venture ("Twin Creeks") for $107.5 million in cash.  The Company also announced an agreement to sell 100,000 acres of Southern Timberlands to Twin Creeks for $202.5 million. The sale includes 80,000 acres of timberlands in Mississippi and 20,000 acres in Georgia and is expected to close by year end.

Effective December 31, 2017, the Company will also terminate the agreements under which it has managed the Twin Creeks timberlands. Following termination of these agreements, Weyerhaeuser will ...

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