LONGVIEW, Wash. (AP) — Weyerhaeuser has sold 82,000 acres of timberland in southwest Washington to Boston-based Hancock Timber Resource Group for $200 million.
The Daily News of Longview reports the land is in five tracts in Pacific and Grays Harbor counties and has been for sale since August 2009.
The Federal Way company said the timberland sold Friday no longer fits its long-term strategy. Weyerhaeuser still owns or manages more than 1 million acres of timberland in Washington and 6 million nationally.
The Hancock Timber Resource Group, a division of Hancock Natural Resource Group, Inc., manages 5.3 million acres of timberland in the United States, Brazil, Canada, New Zealand and Australia.
