Weyerhaeuser mulls sale of commercial construction unit
Feb 01, 2008. Weyerhaeuser will consider a broad range of strategic alternatives for its Commercial Construction Sales business and related assets.
Feb 01, 2008. /Lesprom Network/. Weyerhaeuser will consider a broad range of strategic alternatives for its Commercial Construction Sales business and related assets, informed Weyerhaeuser.
"We are positioning our Wood Products business to grow in areas that present the greatest opportunities for our shareholders and employees," said Lee Alford, senior vice president - Residential Wood Products.
"The decision to proceed with a strategic alternatives review is driven by our desire and need to focus on our core strategies in the residential structural frame market. Our goal during this review is to ensure that the Commercial Business is optimized for long-term growth," Alford added.
Weyerhaeuser's Commercial Business has served customers for the past 45 years by designing and delivering unique wood-based building solutions, including engineered lumber products and services, to the commercial building contractor. The business includes three manufacturing plants across the US and operates 13 design and sales offices.