Weyerhaeuser Acquires 84,300 Acres Of High-Quality Timberlands In Alabama For $244M
Portfolio Pulse from Benzinga Newsdesk
Weyerhaeuser Company (NYSE:WY) has acquired 84,300 acres of high-quality timberlands in Alabama for $244 million. The acquisitions are expected to enhance the company's Southern Timberlands portfolio and deliver strong cash flow and harvest tons per acre.
July 25, 2024 | 8:11 pm
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Weyerhaeuser's acquisition of 84,300 acres of high-quality timberlands in Alabama for $244 million is expected to enhance its Southern Timberlands portfolio, delivering strong cash flow and harvest tons per acre.
The acquisition of high-quality timberlands is likely to enhance Weyerhaeuser's Southern Timberlands portfolio, leading to improved cash flow and productivity. This strategic move is expected to positively impact the company's financial performance in the short term.
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