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Weyerhaeuser
Weyerhaeuser
(pronounced "Warehouser"[5]) Company, is one of the world's largest private owners of timberlands, owning or controlling nearly 13 million acres of timberlands in the U.S. and managing additional timberlands under long-term licenses in Canada. The company also manufactures wood products. Weyerhaeuser
Weyerhaeuser
is a real estate investment trust.[2]

Contents

1 History 2 Operations 3 Corporate governance 4 References

4.1 Further reading

5 External links

History[edit]

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In 1900, after years of successful Mississippi River-based lumber and mill operations with Frederick Denkmann
Frederick Denkmann
and others, Frederick Weyerhaeuser
Weyerhaeuser
moved west to fresh timber areas and founded the Weyerhaeuser
Weyerhaeuser
Timber Company. Fifteen partners and 900,000 acres (3,600 km²) of Washington timberland were involved in the founding,[6] and the land was purchased from James J. Hill
James J. Hill
of the Great Northern Railway.[7] In 1929, the company built what was then the world's largest sawmill in Longview, Washington. Weyerhaeuser's pulp mill in Longview, which began production in 1931, sustained the company financially during the Great Depression. In 1959, the company eliminated the word "Timber" from its name to better reflect its operations. In 1965, Weyerhaeuser
Weyerhaeuser
built its first bleached kraft pulp mill in Canada. Weyerhaeuser
Weyerhaeuser
implemented its High Yield Forestry Plan in 1967 which drew upon 30 years of forestry research and field experience. It called for the planting of seedlings within one year of a harvest, soil fertilization, thinning, rehabilitation of brushlands, and, eventually, genetic improvement of trees. Weyerhaeuser
Weyerhaeuser
consolidated its core businesses in the late 1990s and ended its services in mortgage banking, personal care products, financial services, and information systems consulting. Weyerhaeuser also expanded into South America, Australia, and Asia. In 1999, Weyerhaeuser
Weyerhaeuser
purchased MacMillan Bloedel Limited, a large Canadian forestry company. Then in 2002 after a protracted hostile buyout, the company acquired Willamette Industries, Inc.
Willamette Industries, Inc.
of Portland, Oregon.[8] On August 23, 2006, Weyerhaeuser
Weyerhaeuser
announced a deal which spun off its fine paper business to be combined with Domtar, a $3.3 billion cash and stock deal leaving Weyerhaeuser
Weyerhaeuser
stock holders with 55 percent ownership of the new Domtar
Domtar
company. In March 2008, Weyerhaeuser
Weyerhaeuser
Company announced the sale of its Containerboard Packaging and Recycling business to International Paper for $6 billion in cash, subject to post closing adjustments. The transaction included nine containerboard mills, 72 packaging locations, 10 specialty-packaging plants, four kraft bag and sack locations and 19 recycling facilities. The transaction affected approximately 14,300 employees.[9] Weyerhaeuser
Weyerhaeuser
converted into a real estate investment trust to avoid all federal income taxes, when it filed its 2010 tax return.[10] In 2013, Weyerhaeuser
Weyerhaeuser
purchased Longview Timber for $2.65 billion including debt from Brookfield Asset
Asset
Management. The acquisition added 645,000 acres of timberland to Weyerhaeuser's holdings in Oregon and Washington.[11] In 2014, Weyerhaeuser
Weyerhaeuser
spun off its home building unit to TRI Pointe Homes in a $2.8 billion transaction.[12] The company also announced its intention to sell its Federal Way headquarters and relocate to Seattle's Pioneer Square in 2016.[13] The sale and move were completed in 2016.[14] On November 8, 2015, it was announced that Weyerhaeuser
Weyerhaeuser
would buy Plum Creek Timber for $8.4 billion, forming the largest private owner of timberland in the United States.[15] The transaction closed on February 19, 2016.[16] Operations[edit] The company's operations are divided into three major business segments:

Timberlands — Growing and harvesting trees in renewable cycles. Wood
Wood
products — Manufacturing and distribution of building materials for homes and other structures. Real Estate, Energy and Natural Resources]][17] — All surface and subsurface resources in timberlands that are worth more than the timber itself.

Corporate governance[edit] Doyle Simons is the CEO and president of Weyerhaeuser
Weyerhaeuser
Company. The Weyerhaeuser
Weyerhaeuser
board of directors consists of: Debra A. Cafaro, Mark Emmert, John I. Kieckhefer, Wayne W. Murdy, Nicole Piasecki, Doyle R. Simons, Richard Sinkfield, D. Michael Steuert, Kim Williams and Charles Williamson.[18] References[edit]

^ "Doyle Simons Appointed President and CEO of Weyerhaeuser
Weyerhaeuser
Company". Weyerhaeuser. 2013-06-16. Retrieved 2014-03-02.  ^ a b c d "2012 Annual Report" (PDF).  ^ https://www.nyse.com/quote/XNYS:WY ^ "Company Profile for Weyerhaeuser
Weyerhaeuser
Co (WY)". Retrieved 2008-10-17.  ^ [1] ...The village - and the man after whom the city was named, is actually pronounced "ware-howzer." The original German pronunciation is closer to "wire-hoyzer." ^ " Weyerhaeuser
Weyerhaeuser
in Brief" (PDF). Weyerhaeuser. Archived from the original (PDF) on November 9, 2006. Retrieved 2006-11-24.  ^ " Weyerhaeuser
Weyerhaeuser
makes one of the largest land purchases in United States history on January 3, 1900". HistoryLink.org. Retrieved 2007-08-23.  ^ " Weyerhaeuser
Weyerhaeuser
Welcomes Oregon Willamette Employees as Companies Combine to grow Global Leader". PR Newswire.  ^ " Weyerhaeuser
Weyerhaeuser
News Release". Weyerhaeuser.com. 2008-03-17. Retrieved 2013-03-09.  ^ Weyerhaeuser
Weyerhaeuser
Declares Special
Special
Dividend, Marks Milestone in Planned REIT Conversion, http://investor.weyerhaeuser.com/2010-07-12-Weyerhaeuser-Declares-Special-Dividend-Marks-Milestone-in-Planned-REIT-Conversion ^ " Weyerhaeuser
Weyerhaeuser
pays $2.6B to snag Longview Timber". Seattle
Seattle
Times. 2013-06-16. Retrieved 2014-05-26.  ^ "With Merger Closed, TRI Pointe Homes to Focus on Expansion, New Services". The Wall Street Journal. 2014-07-07. Retrieved 2014-07-13.  ^ " Weyerhaeuser
Weyerhaeuser
moving to Seattle's Pioneer Square". The Seattle Times. 2014-08-26. Retrieved 2014-08-27.  ^ " Weyerhaeuser
Weyerhaeuser
sets down in urban Seattle
Seattle
after decades in Federal Way". The Seattle
Seattle
Times. 2016-10-10. Retrieved 2016-10-10.  ^ Bhatt, Sanjay (November 8, 2015). " Weyerhaeuser
Weyerhaeuser
is buying Plum Creek for $8.4B to form timber giant". The Seattle
Seattle
Times. Retrieved November 9, 2015.  ^ http://investor.weyerhaeuser.com/2016-02-19-Weyerhaeuser-completes-merger-with-Plum-Creek ^ 2016 Annual Report https://www.sec.gov/Archives/edgar/data/106535/000010653517000007/wy-123116x10k.htm.  Missing or empty title= (help) ^ " Weyerhaeuser
Weyerhaeuser
Board of Directors". Weyerhaeuser.com. Retrieved 2014-05-26. 

Further reading[edit]

Hidy, Ralph W; Hill, Frank Ernest; Nevins, Allan (1963). Timber and men; the Weyerhaeuser
Weyerhaeuser
story. New York: Macmillan. 

External links[edit]

Weyerhaeuser
Weyerhaeuser
(official website)

Business data for Weyerhaeuser: Google Finance Yahoo! Finance Reuters SEC filings

Inventory of the Weyerhaeuser
Weyerhaeuser
Company Records, 1864-2010 (Forest History Society) Historical Annual Reports for Weyerhaeuser

v t e

Weyerhaeuser

Corporate directors

Richard Haskayne Robert Herbold Martha Rivers Ingram John Kieckhefer Arnold Langbo Don Mazankowski Nicole Piasecki Steven Rogel Richard Sinkfield D. Michael Steuert James Sullivan Charles Williamson

v t e

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