Weyerhaeuser Company (NYSE: WY) has revealed today that it has finalized the two separate transactions. In this first transactions, the real estate investment company has bought 85,000 acres of Timberlands in mid-coastal Oregon. In the second transaction, it has sold 149,000 acres in Southern Oregon for $40 million to Hancock Natural Resource Group.
There is no tax responsibility for the company in connection with this sale. The firm is always endeavoring to expand its portfolio and Oregon is an attractive region for the firm. Weyerhaeuser Company has earlier declared the deals in September 2020.