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Weyerhaeuser to sell Michigan timberlands

Sep 16, 2019 - PR Newswire

PR Newswire

Weyerhaeuser Company (NYSE: WY) today announced an agreement to sell its 555,000 acres of Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for $300 million in cash. The company expects to recognize a gain on the sale and anticipates no tax liability in conjunction with the transaction.

"This transaction in our Northern region encompasses a diverse mix of hardwood and softwood acres and is part of our ongoing effort ...