Weyerhaeuser to sell Australian timber business
Weyerhaeuser Co., which owns timberland and manufactures wood products, plans to sell its Australian timber manufacturing and distrubution business to New Zealand-based forest products company Carter Holt Harvey.
Timber and wood products company Weyerhaeuser Co. said Monday it completed the sale of its commercial business to a subsidiary of Atlas Holdings LLC. The deal includes four manufacturing plants focused on the commercial construction market, which are located in Chino, Calif., Hillsboro, Ore., Delaware, Ohio and Stayton, Ore., and 13 sales and engineering offices.