Business News

WEYERHAEUSER COMPLETES SALE OF COMMERCIAL BUSINESS TO ATLAS HOLDINGS LLC

Tuesday 18. August 2009 - Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its Commercial business to a wholly-owned subsidiary of Atlas Holdings LLC. Terms of the sale were not disclosed.

The transaction includes four manufacturing plants focused on the commercial construction market (located in Chino, Calif.; Hillsboro, Ore.; Delaware, Ohio and Stayton, Ore.) and 13 sales and engineering offices. About 230 employees will transfer from Weyerhaeuser to Atlas as a result of the transaction.

“The people on the Commercial team have invested much hard work over the years,” said Carlos Guilherme, iLevel vice president of marketing and sales. “The sale of these assets provides associates with a new owner that has the focus and long-term interest required for the commercial segment.”

iLevel continues its commitment to providing dealer customers with a range of products and services for single family, multi-family, hotel/motel and light commercial construction.

“iLevel provides innovative, industry-leading products backed by extensive technical and field support,” said Guilherme. “We plan to supply the iLevel Trus Joist family of engineered lumber products and iLevel services and software using our vast dealer network.”