The Land Report

Spring 2016

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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Page 89 of 107

LANDREPORT.COM 88 The LandReport | S P R I N G 2 0 1 6 I n February, a landmark deal was sealed when Weyerhaeuser Company merged with timber- lands giant Plum Creek Timber Company Inc. Now publicly traded under the Weyerhaeuser name (WY), the creation of this timber- land behemoth — to the tune of $8.4 billion — has formed the largest private landowner in the U.S. Weyerhaeuser now owns 13 million acres of timberland and operates 38 wood products manufacturing facilities across the country. "This is an exciting day for Weyerhaeuser as we bring together the best assets and talent in the industry," said CEO Doyle Simons. "In the coming months, we will be relentlessly focused on creating value for our shareholders by cap- turing cost synergies, leveraging our scale, sharing best practices, deliver- ing the most value from every acre, and driving operational excellence." Market analysts who are now referring to the timber REIT as the "new Paul Bunyan" say the merger has the potential to generate big returns for shareholders over the long term as Weyerhaeuser adds valuable timberlands as well as operations in prime locations in the South and Pacific Northwest. Thanks to the steady pace of the domestic housing market, there's likely to be a higher demand for building products over time. Aside from millions of acres, Weyerhaeuser will benefit from Plum Creek's expertise in timber- land acquisition and operations under the guidance of CEO Rick Holley. A new board of directors was recently announced aligning with the merger, including eight from Weyerhaeuser and five from Plum Creek, including Holley. "I look forward to being part of this outstanding team as we work together to be the world's premier timber, land, and forest products company," Simons adds. — By Corinne Garcia Weyerhaeuser Company & Plum Creek Merger Timberland Deal of the Year Weyerhaeuser- Plum Creek Merger Weyerhaeuser Company Doyle Simons, CEO & President Plum Creek Timber Company Rick Holley, CEO & President DEAL OF THE YEAR 2015 T I M B E R L A N D SHUTTERSTOCK

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