“Market Cap $17.39 B As of May 2014
At a Glance
- Industry: Real Estate
- Founded: 1900
- Country: United States
- CEO: Doyle Simons
- Website: www.weyerhaeuser.com
- Employees: 13,700
- Sales: $8.56 B
- Headquarters: Federal Way, Washington
#815 Global 2000
- #1096 in Sales
- #1050 in Profit
- #1355 in Assets
- #641 in Market value
Weyerhaeuser Co. manufactures, distributes and sells forest products. It is primarily engaged in the growing and harvesting of timber; the distribution and sale of forest products; and real estate construction and development. The company operates through the following segments: Timberlands, Wood Products, Cellulose Fibers & Real Estate. The Timberlands segment manages private commercial forestland worldwide. This segment is engaged in growing and harvesting trees for lumber, building, pulp, paper and other wood products. It also exports logs to other countries, plants seedlings, monitors and cares for the new trees and helps to sustain the timber supply from its forestlands. The Wood Products segment delivers lumber, structural panels, engineered wood products and complementary products for residential and commercial applications. This segment offers homebuilding solutions and exports its softwood lumber and engineered building materials to Asia and Europe. The Cellulose Fibers segment produces absorbent fluff, which is used in diapers; manufactures liquid packaging board and other pulp products, which are used in the production of liquid product containers; and generates energy from black liquor produced at the mills. The Real Estate segment is focused on constructing single-family housing and developing residential lots through its subsidiary, Weyerhaeuser Real Estate Co. Weyerhaeuser was founded by Frederick Weyerhaeuser in January 1900 and is headquartered in Federal Way, WA.“
In January 1900, Frederick Weyerhaeuser founded Weyerhaeuser Timber Company with 15 partners and 900,000 acres (3,600 km²) of Washington timberland purchased from James J. Hill of the Great Northern Railway. 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 built its first bleached kraft pulp mill in Canada. 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 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 purchased MacMillan Bloedel Limited, a large Canadian forestry company. Then in 2002 after a protracted hostile buyout, the company acquired Willamette Industries, Inc. of Portland, Oregon. On August 23, 2006, 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 stock holders with 55 percent ownership of the new Domtar company.
In March 2008, 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.
Weyerhaeuser converted into a real estate investment trust when it filed its 2010 tax return.
In 2013, Weyerhaeuser purchased Longview Timber for $2.65 billion including debt from Brookfield Asset Management. The acquisition added 645,000 acres of timberland to Weyerhaeuser’s holdings in Oregon and Washington.
In 2014, Weyerhaeuser spun off its home building unit to TRI Pointe Homes in a $2.8 billion transaction.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “WeyerhaeuserTV“