Federal Way, Washngton, USA, 17 August 2009
— Weyerhaeuser Company (NYSE: WY) has completed the sale of its Commercial business to a wholly-owned subsidiary of Atlas Holdings LLC. Terms of the sale were not disclosed.
The transaction includes four manufacturing plants focused on the commercial construction market (located in Chino, California; Delaware, Ohio; and Hillsboro and Stayton, Oregon) and 13 sales and engineering offices. About 230 employees will transfer from Weyerhaeuser to Atlas as a result of the transaction.
Atlas Holdings LLC operates businesses in a number of industrial sectors, including the wood products, pulp and paper, packaging, capital equipment, and industrial services industries. Founded in 1999 with the acquisition of a single paper mill, Atlas has since expanded its operations to include more than 40 facilities and 3200 employees across North America and Europe. For additional information, visit www.atlasholdingsllc.com.
Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2008, sales were USD 8 billion. It has offices or operations in 10 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 and development. Additional information about Weyerhaeuser's businesses, products, and practices is available at http://www.weyerhaeuser.com.