Weyerhaeuser Makes $2.65B Move, Potential Sale In Works

FEDERAL WAY, WA-Locally based Weyerhaeuser Co. revealed that it would explore “strategic alternatives with respect to Weyerhaeuser Real Estate Co.,” Weyerhaeuser’s homebuilding and real estate development business. According to a prepared statement, the board intends to consider a broad range of alternatives including, but not limited to, continuing to hold and operate WRECO, or a merger, sale or spin-off of the business.

“The board of directors and management team are committed to further enhancing value for all Weyerhaeuser shareholders,” explains Dan Fulton, Weyerhaeuser president and chief executive officer. “WRECO is one of the 20 largest homebuilders in the country, with industry-leading margins. Given the improving fundamentals of the housing market, we believe now is a prudent time to explore strategic alternatives for this business. This process will help ensure that WRECO achieves its full potential while we continue to build on Weyerhaeuser’s track record of shareholder value creation.”