The directors of Weyerhaeuser have authorized a process “to consider a broad range of strategic alternatives” for its containerboard, packaging and recycling business. The group says the alternatives range from continuing to hold and operate the assets to a possible sale or combination.
“We are positioning Weyerhaeuser to grow in areas that present the greatest opportunities for our shareholders and employees,” explains Steven R Rogel, chairman, president and ceo. “The Containerboard, Packaging and Recycling segment is operated by some of the finest people in the industry, and I appreciate their on-going efforts to improve the performance of these businesses throughout this process.”
One of the world’s largest forest products companies, Weyerhaeuser had sales of $21.9B last year. It has offices or operations in 18 countries, with customers worldwide.
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