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Weyerhaeuser Agrees to Buy Idabel Sawmill
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Idabel, Oklahoma, USA, 20 September 2007 -- /PRNewswire/ -- Weyerhaeuser Company (NYSE:WY) today announced it has signed a letter of intent to purchase the Idabel sawmill owned by Freeman Brothers, Inc., also doing business as Bibler Brothers Lumber Company.

Idabel is currently a contract sawmill for Weyerhaeuser and a chip supplier for Weyerhaeuser's Valliant, Oklahoma, containerboard mill. It employs approximately 130 people and has the capacity to produce 130 million board feet of lumber annually.

"We are pleased to reach mutually agreeable terms with Bibler Brothers," said Rob Taylor, Weyerhaeuser's vice president of Lumber Technologies. "We intend to safely operate the mill and meet our customer needs."

The potential sale is subject to reaching a final sales agreement, company management approval, and any required regulatory approval. Customer orders for this facility will not be impacted during the sales process. Terms of the sale were not disclosed.

Weyerhaeuser owns Timberlands and four other facilities in Oklahoma.

Freeman Bros., Inc., owned by Terry Freeman, is based in Russellville, Arkansas. Freeman owns and operates Bibler Brothers Lumber Company in Russellville and the mill in Idabel. Bibler Brothers has been in existence since 1909. Freeman purchased the Russellville mill in 1998 and the Idabel site in 2001. The company produces southern pine boards, dimension material, timbers and 5/4-inch premium decking. Freeman recently received several awards and industry recognitions for operating the Russellville and Idabel mills without a recordable safety incident.

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2006, sales were USD 21.9 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products, and practices is available at http://www.weyerhaeuser.com/.

Source: Weyerhaeuser Company


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