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Greif Optimizes Portfolio With Timberlands Business Sale
ZACKS· 2025-10-03 14:41
Key Takeaways Greif finalized the $462M sale of its timberlands unit to Molpus Woodlands Group.The sale covers about 173,000 acres in the Southeastern United States.GEF expects the leverage ratio to fall below 1.2X, strengthening its balance sheet.Greif, Inc. (GEF) announced that it closed the previously stated sale of its timberlands business to Molpus Woodlands Group. This move will help Greif's debt-reduction efforts and boost its capital efficiency.Details of Greif’s Timberlands SaleIn early August, Gre ...
Weyerhaeuser Acquiring High-Quality Timberlands in North Carolina and Virginia
Prnewswire· 2025-05-22 20:30
Core Viewpoint - Weyerhaeuser Company has announced an agreement to acquire approximately 117,000 acres of high-quality timberlands in North Carolina and Virginia for $375 million, enhancing its Southern Timberlands portfolio and expected to deliver immediate cash flows [1][2]. Acquisition Details - The acquisition includes mature, productive timberlands that will integrate well with existing operations in North Carolina and expand into southeastern Virginia markets [1][2]. - This transaction is part of a broader strategy, with Weyerhaeuser having acquired over $1.1 billion in timberlands since early 2022, aligning with its growth targets [2]. Financial Aspects - The cash for the acquisition will primarily come from divestitures of non-core timberlands, which are expected to be completed in a tax-efficient manner [2]. - Upon completion, Weyerhaeuser will manage approximately 744,000 acres in North Carolina and 150,000 acres in Virginia, along with three mills and two distribution centers [2]. Operational Insights - The acquired timberlands are located in strong markets, with 81% planted pine acreage and an expected average annual harvest of 7.4 tons per acre over the first five years [4]. - The anticipated average annual timber free cash flow yield from the acquisition is projected to be 5.1% over the same period [4]. Company Background - Weyerhaeuser is one of the largest private owners of timberlands, managing approximately 10.4 million acres in the U.S. and has been a leader in sustainable forestry for over a century [3]. - In 2024, the company reported $7.1 billion in net sales and employed around 9,400 people [3].