Tree Frog Forestry News

Logging company buys 550K acres of UP timberland for $300M

Associated Press in UpNorthLive
December 2, 2019
Category: Business & Politics
Region: US East, United States

MARQUETTE, Mich.— A New Hampshire-based logging company has purchased more than a half-million acres (202,342 hectares) of timberland in Michigan’s Upper Peninsula. Seattle-based Weyerhaeuser Company says it recently sold 555,000 acres (222,577 hectares) of UP timberland to an affiliate of The Lyme Timber Company for $300 million in cash. Company officials said in a news release that those woodlands will be managed for “sustainable timber production” by Lyme Great Lakes Forest Company. Lyme is expected to keep the former Weyerhaeuser employees who have managed the land, which sustains a mix of hardwood and softwood acres.

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