M&A Deal Summary

Sumitomo Warehouse Acquires Westwood Shipping Lines Inc

On September 30, 2011, Sumitomo Warehouse acquired marine company Westwood Shipping Lines Inc from Weyerhaeuser

Acquisition Highlights
  • This is Sumitomo Warehouse’s 1st transaction in the Marine sector.
  • This is Sumitomo Warehouse’s 1st transaction in the United States.
  • This is Sumitomo Warehouse’s 1st transaction in Washington.

M&A Deal Summary
Date 2011-09-30
Target Westwood Shipping Lines Inc
Sector Marine
Buyer(s) Sumitomo Warehouse
Sellers(s) Weyerhaeuser
Deal Type Divestiture

Target

Westwood Shipping Lines Inc

Federal Way, Washington, United States
Westwood Shipping Lines, is an independent ocean carrier in the transpacific trade. Its transpacific routes use multipurpose vessels to link Longview and Seattle, Wash., and Vancouver, British Columbia, with Japan, Korea and China. Westwood Shipping makes 52 transpacific round-trip voyages annually, serving customers in more than 20 ports.

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Buyer(S) 1

Buyer

Sumitomo Warehouse

Osaka, Japan
Category Company
Founded 1899
Sector Transportation
Employees4,463
Revenue 184.7B JPY (2024)
DESCRIPTION

Sumitomo Warehouse Company is an entity which offers the best logistics solutions and company engages in Integrated logistics, Document storage / Trunk room services, Harbor transportation, Marine transportation, Real estate development and leasing and Information systems. Sumitomo Warehouse was founded in 1899 and is based in Osaka, Japan.

DEAL STATS #
Overall 3 of 3
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-28 I-STAR

Osaka,, Japan

I-STAR Co., Ltd. a Contract development of computer software, technical staff services related to software development, contract operation and management of computer systems.

Buy -

Seller(S) 1

SELLER

Weyerhaeuser

Seattle, Washington, United States
Category Company
Founded 1900
Sector Forest Products
Employees9,300
Revenue 7.7B USD (2023)
DESCRIPTION
Weyerhaeuser service center in St. Paul, Minnesota.
Weyerhaeuser service center in St. Paul, Minnesota.

Weyerhaeuser is a large private owner of timberlands and manufacturer of building materials. Weyerhaeuser owns or controls nearly 7 million acres of timberlands, primarily in the US, and manages additional timberlands under long-term licenses in Canada. The Company also manufacturers wood products and specialty cellulose fibers products. Weyerhaeuser was founded in 1900 and is based in Seattle, Washington.

DEAL STATS #
Overall 8 of 11
Sector (Marine) 1 of 1
Type (Divestiture) 8 of 11
State (Washington) 2 of 4
Country (United States) 8 of 11
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-20 NWH

Frisco, Texas, United States

NWH is a manufacturer and distributor of North American hardwood lumber. The company serves the repair and remodel, residential construction, industrial, and export markets. The company converts hardwood logs into a rough cut and kiln-dried lumber, and then planes and sorts the lumber boards into an array of grades for appearance wood applications. NWH is based in Frisco, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-23 Longview Timber

Longview, Washington, United States

Longview Timber LLC, a forest product company.

Buy -
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