EX-99.1
2
ex99-1.htm
PRESS RELEASE
ex99-1.htm
Exhibit
99.1
For
immediate release
For
more information contact:
Media
-
Frank Mendizabal (253) 924-3357
Analysts
- Kathryn McAuley (253) 924-2058
Weyerhaeuser
Completes Sale of Assets to International Paper
FEDERAL
WAY, Wash.
(Aug. 4, 2008) - Weyerhaeuser Company (NYSE: WY) today
announced the completion of the sale of its Containerboard Packaging and
Recycling business to International Paper (NYSE: IP) for $6 billion in
cash.
Weyerhaeuser
said it expects to use a substantial portion of the after-tax proceeds from the
sale to pay down debt.
The
transaction includes nine containerboard mills, 72 packaging locations, 10
specialty-packaging plants, four kraft bag and sack locations and 19 recycling
facilities. (See list at end of release for locations.) Approximately 14,000
employees will transfer from Weyerhaeuser to IP as a result of the
transaction.
"International
Paper is gaining some of the best people and facilities in the world and our
employees are joining a leader in this industry", said Daniel S. Fulton,
Weyerhaeuser president and chief executive officer. "At the same time, this
transaction allows Weyerhaeuser to continue to refine its focus as a
timber-based company with businesses that enhance the value of our
timberlands".
About
Weyerhaeuser
Weyerhaeuser
Company, one of the world's largest forest products companies, was incorporated
in 1900. In 2007, sales were $16.3 billion. It has offices or operations in 13
countries, with customers worldwide. Weyerhaeuser is principally engaged in the
growing and harvesting of timber; the manufacture, distribution and sale of
forest products; and real estate construction, development and related
activities. Additional information about Weyerhaeuser's businesses, products and
practices is available at http://
www.weyerhaeuser.com
.
Location
List
Nine
containerboard mills
(6.3 million tons capacity)
Alabama:
Pine Hill
California:
Oxnard
Iowa:
Cedar Rapids
Kentucky:
Henderson
Louisiana:
Campti
Oklahoma:
Valliant
Oregon:
Albany, Springfield
Mexico:
Xalapa
72
packaging locations
(99.4 billion square feet
capacity)
Alabama:
Huntsville
Arizona:
Phoenix, Yuma
Arkansas:
Fort Smith,Russellville
California:
Anaheim, Camarillo
,
Compton
,
Elk Grove
,
Exeter
,
Modesto
,
Salinas
,
Sanger
,
Santa Paula
Colorado:
Golden
Florida:
Plant City, Tampa
Georgia:
Columbus, Griffin, Lithonia
Illinois:
Aurora, Bedford Park, Belleville, Lincoln, Montgomery,
Rockford
Indiana:
Butler, Indianapolis
Iowa:
Cedar Rapids, Waterloo
Kansas:
Kansas City
4
Kentucky:
Bowling Green, Louisville
Michigan:
Three Rivers, Warren
Minnesota:
Austin, Fridley, St. Paul, White Bear Lake
Mississippi:
Jackson, Magnolia, Olive Branch
Missouri:
Maryland Heights, St. Joseph
Nebraska:
Omaha
New
Jersey:
Barrington, Bellmawr
New
York:
Rochester
North
Carolina:
Charlotte, Lumberton, Newton
Ohio:
Delaware, Eaton, Mount Vernon
Oklahoma:
Oklahoma City
Oregon:
Beaverton, Portland
Tennessee:
Cleveland
Texas:
Amarillo, Dallas, McAllen, Sealy
Virginia:
Lynchburg
Washington:
Bellevue, Moses Lake, Olympia, Yakima
Wisconsin:
Manitowoc
Mexico:
Ixtac, Mexico City, Monterrey, Silao
10
specialty packaging plants
California:
Cypress
Georgia:
Tucker
Illinois:
Aurora
Indiana:
Indianapolis
Kentucky:
Richwood
North
Carolina:
Charlotte
Ohio:
Delaware
Oregon
:
Beaverton, Hillsboro, Salem
Four
kraft bag and sack locations
(199,000 tons capacity)
California:
Buena Park
North
Carolina:
Charlotte
Oregon:
Beaverton
Texas:
Dallas
19
recycling facilities
Arizona:
Phoenix
California:
Fremont, Los Angeles/Norwalk, West Sacramento
Colorado:
Denver
Illinois:
Chicago/Itasca
Iowa:
Des Moines
Kansas:
Wichita
Maryland:
Baltimore
Minnesota:
New Brighton
Nebraska:
Omaha
North
Carolina:
Charlotte
Oregon:
Beaverton, Eugene
Tennessee:
Memphis
Texas:
Carrollton
Utah:
Salt Lake City
Virginia:
Richmond
Washington:
Kent
5

EX - 99 . 1 2 ex99 - 1 . htm PRESS RELEASE ex99 - 1 . htm Exhibit 99 . 1 For immediate release For more information contact : Media - Frank Mendizabal ( 253 ) 924 - 3357 Analysts - Kathryn McAuley ( 253 ) 924 - 2058 Weyerhaeuser Completes Sale of Assets to International Paper FEDERAL WAY , Wash . ( Aug. 4 , 2008 ) - Weyerhaeuser Company ( NYSE : WY ) today announced the completion of the sale of its Containerboard Packaging and Recycling business to International Paper ( NYSE : IP ) for $ 6 billion in cash . Weyerhaeuser said it expects to use a substantial portion of the after - tax proceeds from the sale to pay down debt . The transaction includes nine containerboard mills , 72 packaging locations , 10 specialty - packaging plants , four kraft bag and sack locations and 19 recycling facilities . ( See list at end of release for locations . ) Approximately 14,000 employees will transfer from Weyerhaeuser to IP as a result of the transaction . " International Paper is gaining some of the best people and facilities in the world and our employees are joining a leader in this industry " , said Daniel S . Fulton , Weyerhaeuser president and chief executive officer . " At the same time , this transaction allows Weyerhaeuser to continue to refine its focus as a timber - based company with businesses that enhance the value of our timberlands " . About Weyerhaeuser Weyerhaeuser Company , one of the world 's largest forest products companies , was incorporated in 1900 . In 2007 , sales were $ 16.3 billion . It has offices or operations in 13 countries , with customers worldwide . Weyerhaeuser is principally engaged in the growing and harvesting of timber ; the manufacture , distribution and sale of forest products ; and real estate construction , development and related activities . Additional information about Weyerhaeuser 's businesses , products and practices is available at http : / / www.weyerhaeuser.com . Location List Nine containerboard mills ( 6.3 million tons capacity ) Alabama : Pine Hill California : Oxnard Iowa : Cedar Rapids Kentucky : Henderson Louisiana : Campti Oklahoma : Valliant Oregon : Albany , Springfield Mexico : Xalapa 72 packaging locations ( 99.4 billion square feet capacity ) Alabama : Huntsville Arizona : Phoenix , Yuma Arkansas : Fort Smith , Russellville California : Anaheim , Camarillo , Compton , Elk Grove , Exeter , Modesto , Salinas , Sanger , Santa Paula Colorado : Golden Florida : Plant City , Tampa Georgia : Columbus , Griffin , Lithonia Illinois : Aurora , Bedford Park , Belleville , Lincoln , Montgomery , Rockford Indiana : Butler , Indianapolis Iowa : Cedar Rapids , Waterloo Kansas : Kansas City 4 Kentucky : Bowling Green , Louisville Michigan : Three Rivers , Warren Minnesota : Austin , Fridley , St . Paul , White Bear Lake Mississippi : Jackson , Magnolia , Olive Branch Missouri : Maryland Heights , St . Joseph Nebraska : Omaha New Jersey : Barrington , Bellmawr New York : Rochester North Carolina : Charlotte , Lumberton , Newton Ohio : Delaware , Eaton , Mount Vernon Oklahoma : Oklahoma City Oregon : Beaverton , Portland Tennessee : Cleveland Texas : Amarillo , Dallas , McAllen , Sealy Virginia : Lynchburg Washington : Bellevue , Moses Lake , Olympia , Yakima Wisconsin : Manitowoc Mexico : Ixtac , Mexico City , Monterrey , Silao 10 specialty packaging plants California : Cypress Georgia : Tucker Illinois : Aurora Indiana : Indianapolis Kentucky : Richwood North Carolina : Charlotte Ohio : Delaware Oregon : Beaverton , Hillsboro , Salem Four kraft bag and sack locations ( 199,000 tons capacity ) California : Buena Park North Carolina : Charlotte Oregon : Beaverton Texas : Dallas 19 recycling facilities Arizona : Phoenix California : Fremont , Los Angeles / Norwalk , West Sacramento Colorado : Denver Illinois : Chicago / Itasca Iowa : Des Moines Kansas : Wichita Maryland : Baltimore Minnesota : New Brighton Nebraska : Omaha North Carolina : Charlotte Oregon : Beaverton , Eugene Tennessee : Memphis Texas : Carrollton Utah : Salt Lake City Virginia : Richmond Washington : Kent 5
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