Press release from Business Wire
Plum Creek Completes Purchase of Timberlands in Georgia and Alabama
Monday, April 22, 2013
Plum Creek Completes Purchase of Timberlands in Georgia and Alabama16:03 EDT Monday, April 22, 2013
SEATTLE (Business Wire) -- Plum Creek Timber Company, Inc. (NYSE: PCL) today announced the completion of the purchase of approximately 46,000 acres of timberlands in western Georgia and eastern Alabama from the Campbell Group, LLC for approximately $72 million.
“We are pleased to add these well-managed timberlands to our existing asset base in this attractive timber market,” said Rick Holley, Plum Creek chief executive officer. “We're uniquely positioned to efficiently integrate these lands into our operations and generate an attractive return for our investors.”
Plum Creek is one of the largest private landowner in the nation, and most geographically diverse, with approximately 6.4 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest. For more information, visit www.plumcreek.com.
Plum Creek Timber Company, Inc.
Investors: John Hobbs 1-800-858-5347
Media: Kathy Budinick 1-888-467-3751