Lyme Timber Company: Weyerhaeuser Company sells Michigan timberlands for $300M

Seattle-based Weyerhaeuser Company announced Monday that it has sold its Michigan timberlands for $300 million. The 555,000 acres will go to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, which is based in New Hampshire. Weyerhaeuser's Michigan employees will be retained by Lyme, according to a press release. Lyme, which manages land in New York, Pennsylvania, West Virginia, Tennessee, Florida and California, is a private timberland investment manager. "Weyerhaeuser's...