-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VYXR9hNS/7oGY4QmN/kpvyznOgzQToAEC+EzJ4sbCpAl1X8DcSb/7RrdZIXiR6B0 16EZCHhzGEo0NI9otavOyA== 0000950157-08-000595.txt : 20080808 0000950157-08-000595.hdr.sgml : 20080808 20080808144458 ACCESSION NUMBER: 0000950157-08-000595 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080804 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080808 DATE AS OF CHANGE: 20080808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO CENTRAL INDEX KEY: 0000106535 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] IRS NUMBER: 910470860 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04825 FILM NUMBER: 081002019 BUSINESS ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 BUSINESS PHONE: 2539242345 MAIL ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 8-K 1 form8-k.htm FORM 8-K form8-k.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549
 
 

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  August 4, 2008


WEYERHAEUSER COMPANY
(Exact Name of Registrant as Specified in Charter)
 

Washington
(State or Other Jurisdiction
of Incorporation)
1-4825
(Commission
File Number)
91-0470860
(IRS Employer
Identification No.)

Federal Way
Washington 98063-9777
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (253) 924-2345
 
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.  below):
 
¨         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
Item 2.01
Completion of Acquisition or Disposition of Assets.
 
On August 4, 2008, Weyerhaeuser Company (the “Company”) completed the previously announced sale of its containerboard, packaging and recycling business to International Paper Company, a New York corporation (the “Purchaser”).  The purchase price consists of approximately $6 billion in cash, subject to certain post-closing adjustments, as described in the Purchase Agreement, dated March 15, 2008, between the Company and the Purchaser (the “Purchase Agreement”).
 
These descriptions of the Purchase Agreement and the sale do not purport to be complete and are qualified in their entirety by reference to the Purchase Agreement.  The Purchase Agreement was filed as Exhibit 2.1 to the Company’s Form 8-K filed on March 20, 2008, the contents of which are incorporated herein by reference.
 
A copy of the press release announcing the completion of the sale is attached as Exhibit 99.1.
 
Item 9.01
Financial Statements and Exhibits.
   
 
(c) Exhibits
   
99.1
Press Release dated as of August 4, 2008

 
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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

WEYERHAEUSER COMPANY
   
   
By:
 
  Jeanne M. Hillman
  Vice President and Principal Accounting Officer


Date:  August 8, 2008
 EX-99.1 2 ex99-1.htm PRESS RELEASE ex99-1.htm
 
Exhibit 99.1
 
For immediate release
For more information contact:
 
Media – Frank Mendizabal (253) 924-3357
Analysts – Kathryn McAuley (253) 924-2058

Weyerhaeuser Completes Sale of Assets to International Paper

FEDERAL WAY, Wash. (Aug. 4, 2008) – Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its Containerboard Packaging and Recycling business to International Paper (NYSE: IP) for $6 billion in cash.
 
Weyerhaeuser said it expects to use a substantial portion of the after-tax proceeds from the sale to pay down debt.
 
The transaction includes nine containerboard mills, 72 packaging locations, 10 specialty-packaging plants, four kraft bag and sack locations and 19 recycling facilities. (See list at end of release for locations.) Approximately 14,000 employees will transfer from Weyerhaeuser to IP as a result of the transaction.
 
“International Paper is gaining some of the best people and facilities in the world and our employees are joining a leader in this industry,” said Daniel S. Fulton, Weyerhaeuser president and chief executive officer. “At the same time, this transaction allows Weyerhaeuser to continue to refine its focus as a timber-based company with businesses that enhance the value of our timberlands.”
 
About Weyerhaeuser
 
Weyerhaeuser Company, one of the world’s largest forest products companies, was incorporated in 1900. In 2007, sales were $16.3 billion. It has offices or operations in 13 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser’s businesses, products and practices is available at http://www.weyerhaeuser.com.
 
Location List
 
Nine containerboard mills (6.3 million tons capacity)
 
Alabama: Pine Hill
California: Oxnard
Iowa: Cedar Rapids
Kentucky: Henderson
Louisiana: Campti
Oklahoma: Valliant
Oregon: Albany, Springfield
Mexico: Xalapa
 
72 packaging locations (99.4 billion square feet capacity)
 
Alabama:Huntsville
Arizona: Phoenix, Yuma
Arkansas: Fort Smith,Russellville
California: Anaheim, Camarillo, Compton, Elk Grove, Exeter, Modesto, Salinas, Sanger, Santa Paula
Colorado: Golden
Florida: Plant City, Tampa
Georgia: Columbus, Griffin, Lithonia
Illinois: Aurora, Bedford Park, Belleville, Lincoln, Montgomery, Rockford
Indiana: Butler, Indianapolis
Iowa: Cedar Rapids, Waterloo
Kansas: Kansas City
 
 
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Kentucky: Bowling Green, Louisville
Michigan: Three Rivers, Warren
Minnesota: Austin, Fridley, St. Paul, White Bear Lake
Mississippi: Jackson, Magnolia, Olive Branch
Missouri: Maryland Heights, St. Joseph
Nebraska: Omaha
New Jersey: Barrington, Bellmawr
New York: Rochester
North Carolina: Charlotte, Lumberton, Newton
Ohio: Delaware, Eaton, Mount Vernon
Oklahoma: Oklahoma City
Oregon: Beaverton, Portland
Tennessee: Cleveland
Texas: Amarillo, Dallas, McAllen, Sealy
Virginia: Lynchburg
Washington: Bellevue, Moses Lake, Olympia, Yakima
Wisconsin: Manitowoc
Mexico: Ixtac, Mexico City, Monterrey, Silao
 
10 specialty packaging plants
 
California: Cypress
Georgia: Tucker
Illinois: Aurora
Indiana: Indianapolis
Kentucky: Richwood
North Carolina: Charlotte
Ohio: Delaware
Oregon: Beaverton, Hillsboro, Salem
 
Four kraft bag and sack locations (199,000 tons capacity)
 
California: Buena Park
North Carolina: Charlotte
Oregon: Beaverton
Texas: Dallas
 
19 recycling facilities
 
Arizona: Phoenix
California: Fremont, Los Angeles/Norwalk, West Sacramento
Colorado: Denver
Illinois: Chicago/Itasca
Iowa: Des Moines
Kansas: Wichita
Maryland: Baltimore
Minnesota: New Brighton
Nebraska: Omaha
North Carolina: Charlotte
Oregon: Beaverton, Eugene
Tennessee: Memphis
Texas: Carrollton
Utah: Salt Lake City
Virginia: Richmond
Washington: Kent
 
 
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