Weyerhaeuser Mulls Future of Fine Papers Business
April 26, 2006 - Weyerhaeuser Company said that, as part of its strategic review, it is considering alternatives for its fine paper business.
According to Weyerhaeuser, alternatives range from continuing to hold and operate the assets to a possible sale or other disposition.
The company said it is in active discussions with several parties, but there is no assurance that these discussions will lead to an agreement or result in a transaction.
"These are excellent assets operated by dedicated and knowledgeable employees who continue to make these mills among the best in the white paper industry," said Steven R. Rogel, chairman, president and chief executive officer. "I appreciate our employees' ongoing efforts to work safely and serve customers while we complete this review."
SOURCE: Weyerhaeuser Company