Weyerhaeuser mulls future of certain businesses
May 4, 2007 (Press Release) - Weyerhaeuser Company today announced that its board of directors has authorized a process to consider a broad range of strategic alternatives for its Containerboard, Packaging and Recycling business. 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," said Steven R. Rogel, chairman, president and chief executive officer. "The Containerboard, Packaging and Recycling segment is operated by some of the finest people in the industry, and I appreciate their ongoing efforts to improve the performance of these businesses throughout this process."
Weyerhaeuser will not speculate on the outcome of the review or whether it will result in any specific course of action.
SOURCE: Weyerhaeuser Company