Add-on Acquisition • Forest Products

Weyerhaeuser Acquires Willamette Industries

On June 30, 2002, Weyerhaeuser acquired forest products company Willamette Industries for 6.2B USD

Acquisition Context
  • This is Weyerhaeuser’s 2nd transaction in the Forest Products sector.
  • This is Weyerhaeuser’s 2nd largest (disclosed) transaction.
  • This is Weyerhaeuser’s 2nd transaction in the United States.
  • This is Weyerhaeuser’s 1st transaction in Oregon.

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M&A Deal Summary

Date June 30, 2002
Target Willamette Industries
Sector Forest Products
Buyer(s) Weyerhaeuser
Deal Type Add-on Acquisition
Deal Value 6.2B USD
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target Company

Willamette Industries

Portland, Oregon, United States
Willamette Industries, Inc., a forest products company.
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Buyer Overview 1

Buyer

Weyerhaeuser

Seattle, Washington, United States

Category Company
Founded 1900
Sector Forest Products
Employees9,440
Revenue 7.1B USD (2024)
DESCRIPTION
Weyerhaeuser service center in St. Paul, Minnesota.
Weyerhaeuser service center in St. Paul, Minnesota.

Weyerhaeuser is a 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 Context for Buyer #
Overall 3 of 10
Sector: Forest Products 2 of 7
Type: Add-on Acquisition 2 of 6
State: Oregon 1 of 1
Country: United States 2 of 7
Year: 2002 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-22 MacMillan Bloedel

Vancouver, British Columbia, Canada

MacMillan Bloedel Ltd. is a forest products company. Its products included lumber, panelboards, engineered lumber, containerboard, market pulp, newsprint, uncoated & coated mechanical printing papers.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-30 Chester Wood Products

Chester,, South Carolina, United States

Chester Wood Products LLC, produces softwood plywood panels and veneer for a variety of end markets.

Sell -