Weyerhaeuser Company has announced the completion of the sale of its timberlands and manufacturing business in Uruguay to a consortium led by BTG Pactual’s Timberland Investment Group for US$402.5 million in cash. The transaction includes over 120,000 hectares of timberlands in north-eastern and north central Uruguay, as well as a plywood and veneer manufacturing facility, a cogeneration facility, and a seedling nursery.

Source: Weyerhaeuser Co