M&A Deal Summary

Weyerhaeuser Acquires Soterra

On February 25, 2021, Weyerhaeuser acquired forest products company Soterra from Greif for 149M USD

Acquisition Highlights
  • This is Weyerhaeuser’s 6th transaction in the Forest Products sector.
  • This is Weyerhaeuser’s 4th largest (disclosed) transaction.
  • This is Weyerhaeuser’s 7th transaction in the United States.
  • This is Weyerhaeuser’s 1st transaction in Mississippi.

M&A Deal Summary

Date 2021-02-25
Target Soterra
Sector Forest Products
Buyer(s) Weyerhaeuser
Sellers(s) Greif
Deal Type Divestiture
Deal Value 149M USD

Target

Soterra

Flowood, Mississippi, United States
Soterra is a land management company that currently manages more than 240,000 acres of land. Soterra uses advanced silvicultural techniques to improve the productivity of our timberland, which increases the yield of forest products over a period of time. Soterra sells timber to a variety of customers who manufacture products such as paper and building materials that people use in everyday life.

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Buyer(S) 1

Buyer

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 9 of 9
Sector (Forest Products) 6 of 6
Type (Divestiture) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-05 North Pacific Paper

Longview, Washington, United States

North Pacific Paper is a manufacturer of newsprint and various publication paper products.

Sell -

Seller(S) 1

SELLER

Greif

Delaware, Ohio, United States

Category Company
Founded 1877
Sector Packaging
Employees14,000
Revenue 5.2B USD (2023)
DESCRIPTION
Entrance to Greif's corporate headquarters in Delaware, Ohio.
Entrance to Greif's corporate headquarters in Delaware, Ohio.

Greif is a global producer of industrial packaging products and services. Greif offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. Greif was founded in 1877 and is based in Delaware, Ohio.


DEAL STATS #
Overall 4 of 5
Sector (Forest Products) 1 of 1
Type (Divestiture) 4 of 5
State (Mississippi) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 Greif - Consumer Packaging Group

Delaware, Ohio, United States

Greif, Inc. - Consumer Packaging Group consists of seven converting facilities that manufacture folding cartons for consumer packaged goods businesses.

Sell $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Lee Container

Homerville, Georgia, United States

Lee Container is a manufacturer of barrier and conventional blow molded containers, primarily serving growth-oriented customers in the agricultural, other specialty chemical, oil & lubricant and pet care segments in North America. Lee Container was founded in 1989 and is based in Homerville, Georgia.

Buy $300M