M&A Deal Summary

Weyerhaeuser Acquires Soterra

On February 25, 2021, Weyerhaeuser Co. acquired forest products company Soterra LLC from Greif, Inc. 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 LLC
Sector Forest Products
Buyer(s) Weyerhaeuser Co.
Sellers(s) Greif, Inc.
Deal Type Divestiture
Deal Value 149M USD

Target

Soterra LLC

Flowood, Mississippi, United States
website
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 Co.

Seattle, Washington, United States

website


Category Company
SectorForest Products
Employees9,372
Revenue 7.5B USD (2020)
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 formed 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 Company LLC

Longview, Washington, United States

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

Sell -

Seller(S) 1

SELLER

Greif, Inc.

Delaware, Ohio, United States

website


Category Company
Founded 1877
SectorPackaging
Employees16,000
Revenue 4.5B USD (2020)
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 with manufacturing facilities located in over 50 countries. 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. The Company is also a global producer of flexible intermediate bulk containers and a North American producer of industrial and consumer shipping sacks and multiwall bag products. Greif was founded in 1877 and is based in Delaware, Ohio.


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