FEDERAL WAY, Wash., June 4 /CNW/ -- Weyerhaeuser Company (NYSE: WY) today
announced it has completed the sale and transfer of its Canadian building
materials distribution assets to Platinum Equity of Los Angeles, Calif. Terms
of the sale were not disclosed.
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The sale includes all of the company's distribution centers in Canada:
Brampton, Ontario; Calgary, Alberta; Dartmouth, Nova Scotia; Edmonton,
Alberta; Kelowna, British Columbia; Montreal, Quebec; Ottawa, Ontario; Quebec
City, Quebec; Regina, Saskatchewan; Saskatoon, Saskatchewan; Sudbury, Ontario;
Timmins, Ontario; Winnipeg, Manitoba; St. John's, Newfoundland; Sussex, New
Brunswick; Langley, British Columbia.
"I want to thank all Canadian distribution employees for their
outstanding service to Weyerhaeuser and for working so hard to achieve this
timely and seamless transition to Platinum Equity," said Lee Alford, senior
vice president of Residential Wood Products.
Weyerhaeuser will maintain a significant presence in Canada following the
sale. The company will continue to employ about 3,500 Canadian employees --
producing and distributing softwood and hardwood lumber, engineered wood,
oriented strand board, plywood, and pulp-across the country.
Weyerhaeuser is still in preliminary negotiations for ten U.S. building
materials distribution sites. No further details on that transaction are
available at this time.
The ten building materials distribution sites for sale in the U.S.
include: Louisville, Ky.; Memphis, Tenn.; Nashville, Tenn.; Green Bay, Wis.;
Kansas City, Kan.; Oklahoma City; Omaha, Neb.; Newton, Kan.; Boston, Mass.;
and Buffalo, N.Y.
Weyerhaeuser Company, one of the world's largest forest products
companies, was incorporated in 1900. In 2006, sales were $21.9 billion. It has
offices or operations in 18 countries, with customers worldwide. Weyerhaeuser
is principally engaged in the growing and harvesting of timber; the
manufacture, distribution and sale of forest products; and real estate
construction, development and related activities. Additional information about
Weyerhaeuser's businesses, products and practices is available at
For more information contact:
National Media - Frank Mendizabal (253) 924-3357
Canadian Media - Lawrence Pillon (604) 661-8163
For further information:
For further information: National Media, Frank Mendizabal,
+1-253-924-3357, or Canadian Media, Lawrence Pillon, +1-604-661-8163, both of
Weyerhaeuser Company Web Site: http://www.weyerhaeuser.com