Weyerhaeuser Co. announced a number of sales and closures in its containerboard, packaging and paper bag businesses.
"We recognize that this news and its timing are hard on our people, but it is essential to make these changes to improve the competitiveness and lagging financial performance of these businesses," said Steven Rogel, chairman, president and CEO. "We are in the process of implementing a comprehensive strategy to refine our portfolio of businesses and facilities to improve returns to shareholders and position Weyerhaeuser for long term profitability and success. As a result of our ongoing strategic review, we anticipate future changes."
The following packaging facilities will be closed during the next few months:
-- Corrugated packaging plants in Bedford Heights, Ohio;
Elmira Heights, N.Y.; Little Rock, Ark.; and Matthews, N.C.
-- Corrugated sheet feeder plants in Pulaski, Tenn., and Waco, Texas.
-- Retail paper bag plant in Kansas City, Mo.
Additionally, the company is offering for sale three corrugated sheet plants in Little Rock, Ark.; Memphis, Tenn.; and Shreveport, La.; and a specialty packaging plant in Valley View, Ohio.
"These actions support our strategy of matching supply to demand and serving customers from our most efficient, cost-effective facilities," Rogel said.