Weyerhaeuser To Enhance Oregon Timberland Holdings

Weyerhaeuser Company plans to purchase and sell timberlands to funds managed by Hancock Natural Resource Group, a Manulife Investment Management company. The company is purchasing approximately 85,000 acres of timberlands in mid-coastal Oregon in one transaction and selling 149,000 acres of timberlands in southern Oregon in a second transaction. The transactions represent an opportunity to further enhance Weyerhaeuser's western timberlands portfolio with land that is contiguous with its existing ownership.