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History. Weyerhaeuser Company began more than 100 years ago with 900,000 acres of timberland, three employees and a small office in Tacoma, Washington. Founded in 1900 by Frederick Weyerhaeuser, we’ve grown to become one of the largest sustainable forest products companies in the world.
On August 23, 2006, Weyerhaeuser announced a deal which spun off its fine paper business to be combined with Domtar, a $3.3 billion cash and stock deal leaving Weyerhaeuser stockholders with 55 percent ownership of the new Domtar company.
Sep 17, 1999 · The Weyerhaeuser Company, based in Tacoma, Washington, is one of the world’s largest producers of lumber, pulp, paper, packaging materials, and other wood-related products. It operates about 270 sawmills, pulp and paper mills, and wood products plants in 18 different countries.
In 1958 Weyerhaeuser Sales Company, established in 1916, was absorbed into the parent company and Weyerhaeuser International S.A. was created to expand into foreign markets. With its increased diversification, the company in 1959 dropped "Timber" from its official name to become Weyerhaeuser Company and adopted its current trademark, a ...
- Early History
- Pioneering in Reforestation
- Diversification in The Postwar Era
- Creighton-Led Reorganization and Restructuring
- More Additions and Subtractions
- Blockbuster Deals For Macmillan Bloedel
- Principal Subsidiaries
- Principal Operating Units
- Principal Competitors
- Further Reading
Weyerhaeuser Timber Company, headquartered in Tacoma, Washington, was incorporated in 1900 as a joint venture in Pacific Northwest timber (900,000 acres of forestland in western Washington) by James J. Hill, railroad magnate, and Frederick Weyerhaeuser, joint owner of Weyerhaeuser & Denkmann, a Midwestern lumber company that relied on forests in Wi...
John P. Weyerhaeuser, eldest son of the founder, led the company during the war and through the 1920s. He relied heavily, as had his father, on George Long, general manager from 1900 to 1930. Long, an early proponent of reforestation, approached the federal governmentbefore the war to lobby for cooperative forest fire prevention and for lower prope...
Under the continued leadership of the Weyerhaeuser family, the company expanded into particle board production, ply-veneer, hardboard, and hardwood paneling in the 1950s. Timberland holdings expanded beyond the Pacific Northwest for the first time, as land was purchased in Mississippi and Alabama in 1956 and in North Carolina the following year. Al...
In 1988 John Creighton became president of Weyerhaeuser, and George Weyerhaeuser became chairman. Creighton reevaluated the company's diversification into areas outside of forest products. By the 1980s the company had become involved in insurance, homebuilding, mortgage banking, garden products, pet supplies, and disposable diapers. While these bus...
As the 1990s continued, Weyerhaeuser made additional moves that altered the company's operational makeup. The company bought 240,700 acres of timberland in the U.S. South in December 1995, then bought 661,200 acres in Mississippi and Louisiana and two sawmills early the following year. Later in 1996 Weyerhaeuser sold its facilities in Klamath Falls...
The biggest immediate impact of Rogel's hiring, however, stemmed from two blockbuster purchases as the new leader counted on acquisitions and consolidation to drive future growth rather than the building of new capacity. In November 1999 Weyerhaeuser acquired MacMillan Bloedel Limited in a stock swap valued at approximately $2.2 billion. Based in V...
Columbia & Cowlitz Railway Company; DeQueen & Eastern Railroad Company; Fisher Lumber Company; Golden Triangle Railroad; Jasmine Forests, LLC; Jewell Forests, LLC; Mississippi & Skuna Valley Railroad Company; Norpac Resources LLC; Texas, Oklahoma & Eastern Railroad Company; Westwood Shipping Lines, Inc.; Weyerhaeuser de Mexico, S.A. de C.V.; Weyerh...
Timberlands; iLevel; Cellulose Fiber and White Papers; Containerboard Packaging and Recycling; Real Estate.
International Paper Company; Georgia-Pacific Corporation; MeadWestvaco Corporation; Smurfit-Stone Container Corporation.
Allison, Melissa, "Weyerhaeuser Posts Loss After Quarter of Revisions," Seattle (Wash.) Times,February 4, 2006, p. E1. Beauchamp, Marc, "Lost in the Woods," Forbes,October 16, 1989, pp. 221 +. Carlton, Jim, "Weyerhaeuser Bulks Up to Avoid Consolidation Buzz Saw," Wall Street Journal,January 24, 2002, p. B4. ——, "Weyerhaeuser Outbids Georgia-Pacific...
Aug 23, 2006 · Aug 23, 2006. Weyerhaeuser Company (NYSE: WY) today announced that it has reached a definitive agreement to combine its Fine Paper business and related assets with Domtar Inc. (TSE/NYSE: DTC). The transaction gives Weyerhaeuser shareholders 55 percent ownership in the new company and includes a $1.35 billion cash payment to Weyerhaeuser.
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Nov 8, 2015 · 1931: Longview pulp and paper mill sustains the company through the Great Depression. 1934: F.E. Weyerhaeuser, Frederick’s son, becomes company president; Frederick’s grandsons Phil and F.K....
