Willamette
Valley
Weyerhaeuser has
agreed to sell for an undisclosed sum its worldwide composite
panels business, including six particleboard mills in the
United States, to Canada-based Flakeboard Company Ltd.
Weyerhaeuser employs 4,500 people in Oregon, 73 at its west
Eugene panels mill and 214 at its Albany panels mill, both of
which are part of the sale. Officials hope to close the deal by
the end of the second quarter of this year.
