OTHER NEWS - July 24, 1996

Weyerhaeuser Selling Facilities, Forest Land Acres in Oregon: The company said it agreed to sell its manufacturing operations in Klamath Falls, Ore., and 600,000 acres of eastern Oregon forest land to U.S. Timberlands for $309 million. The proposed sale is scheduled to close by the end of August. In turn, privately held U.S. Timberlands will sell the three plants to a subsidiary of Portland-based Collins Holdings, a forest products holding company. Tacoma, Wash.-based Weyerhaeuser, which is the world’s largest private owner of marketable softwood timber and producer of softwood lumber and market pulp, said it will concentrate on its Douglas fir growing regions in Oregon and Washington.