Weyerhaeuser Australia under the hammer
Posted on June 13th, 2008
Carter Holt Harvey has begun a process to purchase the timber manufacturing operations and timber distribution business of the Weyerhaeuser Australia Group.
This includes the interest in Green Triangle Forest Products held by a fund advised by Global Forest Partners.
The offer includes: Pine Solutions Australia, GreenTriangle Forest Products Manufacturing, and Weyerhaeuser Company.
Weyerhaeuser is also reportedly in discussions regarding the sale of its 50% interest of the Green Triangle Forest Products timberlands business to a timber investment fund advised by Global Forest Partners.
These timberlands are comprised of about 20,000 ha of plantation pine forest.