Weyerhaeuser Company has announced an agreement to acquire approximately 117,000 acres of high-quality timberlands in North Carolina and Virginia from Roanoke Timberlands LLC, a subsidiary of Roseburg Forest Products, for $375 million. This acquisition will enhance Weyerhaeuser's Southern Timberlands portfolio with strategically located and highly productive acreage. The deal, expected to close in the third quarter, will integrate well with the company's existing operations in North Carolina and expand its footprint into southeastern Virginia. Upon completion, Weyerhaeuser will own or manage a total of 744,000 acres in North Carolina and 150,000 acres in Virginia, along with additional facilities, employing over 600 people across the two states.
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