OTHER NEWS - Aug. 21, 1992
From Times Staff and Wire Reports
Weyerhaeuser, P&G; Strike a Deal: Weyerhaeuser Co. has bought part of Procter & Gamble Co.’s pulp and timber business for $600 million. “We think this acquisition is a great fit, a great opportunity and a win-win situation for both companies,” said Jack Creighton, president and chief executive of the wood products giant based in Federal Way, Wash. Cincinnati-based P&G; announced in March that it planned to sell its pulp business and focus more on its consumer products. The sale involves pulp mills in Grande Prairie, Canada, and Oglethorpe, Ga.; sawmills in Grande Prairie and Grande Cache, Canada, and Barnesville, Ga., and 175,000 acres of Georgia timberland.
