Weyerhaeuser to explore strategic alternatives
Weyerhaeuser Company has authorized the exploration of strategic alternatives for its Cellulose Fibers business.
Mr Doyle R. Simons, president and chief executive officer, said he believe it is the righjt time to evaluate all options to ensure the best long-term results for this business, and at the same time create the most value for the shareholders by further focusing on the portfolio.
The company noted that there can be no assurance that the board's evaluation process will result in any transaction or that any transaction, if pursued, will be consummated. The company does not intend to provide any additional information unless or until the evaluation process is completed or terminated.
The company's Cellulose Fibers business includes five pulp mills, two modified fiber mills, one liquid packaging board facility, and one publishing papers joint-venture facility.