Business News

WEYERHAEUSER SELLS WARRENTON, OR LUMBER MILL TO HAMPTON AFFILIATES

Tuesday 08. December 2009 - Weyerhaeuser Company (NYSE: WY) today announced it has signed a Purchase & Sale Agreement for its Warrenton lumber mill with Hampton Affiliates. Terms of the sale were not disclosed. The transaction includes the mill and its land.

The agreement marks the first step towards the successful sale of the Warrenton lumber mill. Both parties are committed to completing the sales process as quickly as possible, with an expected transaction closing date in January.

“The people of the Warrenton mill have invested much hard work over the years and their focus, dedication and professionalism have strengthened the operations,” said Rob Taylor VP, iLevel Softwood Lumber Technologies. “The sale provides the mill with a new owner that has the focus and interest in manufacturing lumber in Warrenton,” he said.