The $2.2 billion deal with International Paper completes Weyerhaeuser’s divestiture of its Cellulose Fibers business.
Weyerhaeuser said it completed the sale of its Cellulose Fibers pulp mills to International Paper.
The $2.2 billion cash deal was announced in May. Seattle-based Weyerhaeuser said it would use the $1.6 billion after-tax proceeds to repay debt.
The sale includes five pulp mills in Mississippi, Georgia, North Carolina and Alberta, as well as two modified fiber mills in Mississippi and Poland.
The deal completes Weyerhaeuser’s divestiture of its Cellulose Fibers business.
Most Read Stories
- Seattle's own monument to the Confederacy was erected on Capitol Hill in 1926 — and it's still there
- Officials warn of solar eclipse Armageddon: Wildfires, unprecedented traffic, GPS miscues
- Sorrow at the Space Needle: Dinner at one of Seattle’s most expensive restaurants VIEW
- NY Times' editorial page editor: No apology for Sarah Palin
- Experts answer your burning questions about the 2017 solar eclipse