Weyerhaeuser Completes Sale of Princeton, B.C., Lumber Mill to Gorman Group
Weyerhaeuser (NYSE: WY) has completed the sale of its Princeton, British Columbia lumber mill to the Gorman Group. The transaction, initially announced in May, includes both the mill facility and associated British Columbia timber licenses. The company received $60 million USD for the lumber facility, with additional proceeds expected upon the transfer of timber licenses.
The timber license transfer is pending regulatory review and other customary closing conditions, expected to complete in the coming months. Weyerhaeuser anticipates a tax liability of approximately $11 million USD from the transaction.
Weyerhaeuser (NYSE: WY) ha completato la vendita del suo stabilimento di lavorazione del legname di Princeton, British Columbia, al Gorman Group. L’operazione, annunciata inizialmente a maggio, comprende l’impianto e le relative concessioni forestali della British Columbia. La società ha ricevuto 60 milioni di dollari USA per lo stabilimento, con ulteriori incassi previsti al trasferimento delle concessioni.
Il trasferimento delle concessioni forestali è soggetto alla revisione normativa e ad altre consuete condizioni di chiusura, e dovrebbe concludersi nei prossimi mesi. Weyerhaeuser stima una passività fiscale di circa 11 milioni di dollari USA derivante dalla transazione.
Weyerhaeuser (NYSE: WY) ha completado la venta de su aserradero en Princeton, Columbia Británica, al Gorman Group. La operación, anunciada inicialmente en mayo, incluye tanto la planta como las licencias forestales asociadas en Columbia Británica. La compañía recibió 60 millones de dólares estadounidenses por la instalación, con ingresos adicionales previstos al transferirse las licencias forestales.
La transferencia de las licencias está pendiente de revisión regulatoria y otras condiciones habituales de cierre, y se espera que se complete en los próximos meses. Weyerhaeuser prevé una obligación fiscal de aproximadamente 11 millones de dólares estadounidenses por la transacción.
Weyerhaeuser (NYSE: WY)가 브리티시컬럼비아주 프린스턴에 있는 제재소를 Gorman Group에 매각을 완료했습니다. 5월에 처음 발표된 이번 거래에는 제재소 시설과 관련된 브리티시컬럼비아 임산물 이용권이 포함됩니다. 회사는 제재소 대가로 6,000만 달러(미국)를 수령했으며, 임산물 이용권 이전 시 추가 대금이 예상됩니다.
임산물 이용권 이전은 규제 심사 및 기타 통상적인 종결 조건을 대기 중이며, 향후 몇 달 안에 마무리될 것으로 보입니다. Weyerhaeuser는 이번 거래로 약 1,100만 달러(미국)의 세금 부채가 발생할 것으로 예상하고 있습니다.
Weyerhaeuser (NYSE: WY) a finalisé la vente de son scierie de Princeton en Colombie-Britannique au Gorman Group. La transaction, annoncée initialement en mai, comprend l’usine ainsi que les licences forestières associées en Colombie-Britannique. La société a reçu 60 millions de dollars US pour l’installation, et des recettes supplémentaires sont attendues lors du transfert des licences.
Le transfert des licences forestières est soumis à un examen réglementaire et à d’autres conditions habituelles de clôture ; il devrait être finalisé dans les prochains mois. Weyerhaeuser anticipe une charge fiscale d’environ 11 millions de dollars US liée à la transaction.
Weyerhaeuser (NYSE: WY) hat den Verkauf seines Sägewerks in Princeton, British Columbia, an die Gorman Group abgeschlossen. Die im Mai erstmals angekündigte Transaktion umfasst sowohl die Anlage als auch die zugehörigen Holznutzungsrechte in British Columbia. Das Unternehmen erhielt 60 Millionen US-Dollar für das Sägewerk; weitere Erlöse werden bei der Übertragung der Nutzungsrechte erwartet.
Die Übertragung der Holznutzungsrechte steht noch unter regulatorischer Prüfung und weiteren üblichen Abschlussbedingungen und soll in den kommenden Monaten abgeschlossen werden. Weyerhaeuser rechnet mit einer steuerlichen Verbindlichkeit von etwa 11 Millionen US-Dollar aus der Transaktion.
- Received $60 million USD upfront from the sale with additional proceeds pending
- Company will recognize a gain on the sale
- Strategic divestment aligns with portfolio optimization
- Will incur $11 million USD tax liability from the transaction
- Reduction in lumber production capacity and timber assets
Weyerhaeuser received approximately
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900 and today owns or controls approximately 10.4 million acres of timberlands in the
ABOUT THE GORMAN GROUP
The Gorman Group is a multi-generational family owned and operated company comprised of four divisions in
FORWARD-LOOKING STATEMENTS
This news release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, with respect to the occurrence and timing of the sale and transfer of certain of the company's timber licenses as well as the company's estimated tax liability related to the sale. Forward-looking statements may be identified by our use of certain words in such statements, including without limitation words such as "expects," "expected," "will" and similar words, terms and phrases using such terms and words. All forward-looking statements speak only as of the date hereof, are based on current expectations and involve and are subject to a number of assumptions, risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, those identified in our 2024 Annual Report on Form 10-K, as well as those set forth from time to time in our other public statements, reports, registration statements, prospectuses, information statements and other filings with the SEC. In addition, Weyerhaeuser may not be able to complete the timber license transaction within the stated time period, or at all, because of a number of factors, including without limitation: the occurrence of any event, change or other circumstances that could give rise to a termination of the transaction under the terms of the purchase and sale agreement governing the transaction, or the failure to satisfy other closing conditions including, but not limited to, regulatory approvals. There is no guarantee that any of the events anticipated by these forward-looking statements will occur. If any of the events occur, there is no guarantee what effect they will have on the company's business, results of operations, cash flows, financial condition and future prospects. The company undertakes no obligation to update these forward-looking statements after the date of this news release.
For more information contact: | |
Weyerhaeuser Corporate Headquarters | Gorman Group Corporate Headquarters |
• 220 Occidental Avenue South • | • 3900 Dunfield Rd• |
Analysts – Andy Taylor, 206-539-3907 | David Murray - 250-803-8531 |
Media – Nancy |
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SOURCE Weyerhaeuser Company
FAQ
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