Weyerhaeuser continued to branch out from its Pacific Northwest base of operations with last year’s purchase of 117,000 acres of timberland in North Carolina and Virginia, a $364 million transaction honored as the 2025 Land Report Timberland Deal of the Year.

Roseburg Forest Ownership

Weyerhaeuser acquired the property from Roanoke Timberlands, a subsidiary of Oregon-based Roseburg Forest Products, which is owned by the heirs of Kenneth Ford. In a news release announcing the sale, Weyerhaeuser described the property as having “81 percent planted pine acreage, strong site productivity, and favorable all-weather logging operability.”

Headquartered in Seattle, Weyerhaeuser stated it anticipates the property will produce an average annual harvest of 860,000 tons over the first five years, with an average annual timber-free cash flow yield of 5.1 percent.

“These are exceptional timberlands, and we’re excited and well positioned to capitalize on this unique off-market opportunity,” Weyerhaeuser president and CEO Devin Stockfish said in the press release.

“We have acquired more than $1.1 billion of high-quality timberlands since the beginning of 2022, achieving the multiyear growth target we announced in September 2021,” he added.

Weyerhaeuser’s Southern Timberlands

The acquisition added to Weyerhaeuser’s portfolio of more than 10 million acres of timberland in the United States that the company either owns or controls, including nearly 7 million acres from Oklahoma to Virginia through its Southern Timberlands.

Weyerhaeuser now owns or manages approximately 744,000 acres of timberlands in North Carolina and 150,000 acres in Virginia, along with three mills and two distribution centers.

Roseburg Forest Products had purchased 158,000 acres in Virginia’s Roanoke Valley area in 2017, then added another 30,000 acres in the same region in 2021. The 90-year-old family-owned company ranked No. 17 on the Land Report 100 with 600,000 acres prior to the sale to Weyerhaeuser.

Roanoke Timberlands

North Carolina & Virginia

SELLER

Roanoke Timberlands LLC

BUYER

Weyerhaeuser Company