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Merger Between Weyerhaeuser And Plum Creek Transforms Lumber Industry
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(Posted on Apr 18, 2016 at 07:23PM by Lee Byard)
Within the timber market, few names inspire as much recognition (or respect) as the Weyerhaeuser Company. Since 1900 this international forester has propelled the market - delivering softwood lumber, pulp and paper products, and bleached krafting products. It’s served as an innovator - and dominator - within the milling field, and it’s helped to stabilize North America’s post-recession economy.Now that stability turns to invigoration, with the Weyerhaeuser Company sending waves throughout the market.
According to 'Reuters', Weyerhaeuser has just purchased Plum Creek (a Seattle lumber company founded in 1989). This merger delivers staggering rewards for both entities, generating $23 billion in overall acreage and product creations. This promises the largest forestry-related venture in the United States.
While the merge took many analysts by surprise, Rick Holley - Executive Officer of Plum Creek - offered a simple explanation for it. During an interview with 'Reuters', he remarked: "Both companies have historically looked to grow their timberland resource asset base (in others words to acquire more timberlands) so here's an opportunity for both of us to accomplish that.†Joining these two companies should redefine the lumber sector.
It should also create a need for specialty chains and conveyors - which Connexus Industries is ready to provide. We look toward the future, when Weyerhaeuser and Plum Creek will accelerate their operations and spark a timber surge.
To learn more about the Weyerhaeuser merger contact us today.
