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Plum Creek Timber adds to holdings

  • Plum Creek Timber (PCL) grows its core timber management business while adding to its land and non-timber holdings, closing on the purchase of 501K acres of industrial timberlands, associated mineral and wind assets, and interests in about 109K acres of high-value rural and development-quality lands from MeadWestvaco (MWV).
  • "By significantly increasing our assets in the Southeast, we expand our presence in key markets, enhance our ability to service customers, and are well positioned to capture value from these assets as markets continue to improve," says CEO Rick Holley.
  • Press release
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