Weyerhaeuser Company has completed the sale of its Princeton, British Columbia lumber mill to the Gorman Group for approximately $60 million USD, along with associated timber licenses to be transferred later.

Target Information

Weyerhaeuser Company, a leading global player in the timberland sector, has successfully concluded the sale of its lumber mill situated in Princeton, British Columbia, to the Gorman Group. This deal, initially announced in May 2025, also includes the transfer of associated timber licenses in British Columbia, which is expected to occur in the coming months, pending customary closing conditions and regulatory approval. Weyerhaeuser received approximately $60 million USD upon completion of the sale, with additional proceeds anticipated with the timber license transfer. The sale resulted in a recorded gain for Weyerhaeuser, though the company expects to face a tax obligation of around $11 million USD.

Industry Overview in British Columbia

British Columbia boasts a highly developed forestry and wood products industry, recognized for its sustainable practices and substantial contribution to the economy. The province is home to expansive forests, which serve as a backbone for lumber production and related industries. With a focus on sustainability, British Columbia’s forestry sector has advanced in utilizing innovative technologies to enhance wood processing and reduce waste, aligning with global sustainability trends.

The demand for wood products in home construction and renovations continues to rise, bolstered by an increasing population and urban development in British Columbia. The provin