USA – Weyerhaeuser, one of the world’s largest private owners of timberlands,  has acquired 84,300 acres of premium timberlands in Alabama for $244 million.

These mature, high-yield timberlands complement existing operations and are expected to enhance cash flow and harvest efficiency within the company’s Southern Timberlands division.

Key details:

– Located in a top inland sawlog and fiber market in the U.S. South

– 74% planted pine acreage with high productivity

– Mature pines are projected to yield an average of 6.4 tons per acre annually over the first 10 years

– Expected average Adjusted EBITDA of about USD150 per acre annually over the first 10 years

Devin W. Stockfish, president and CEO, highlighted that these acquisitions align with Weyerhaeuser’s strategy for disciplined growth and are part of a USD 1 billion investment goal by the end of 2025. One transaction closed in Q2 2024 for USD 48 million, with others expected to finalize by year-end, pending closing conditions. Once completed, Weyerhaeuser will manage roughly 695,000 acres in Alabama and operate two mills, an office, and a seed orchard, employing over 350 people in the state.