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Greif, Inc Completes the Sale of Timberlands to Weyerhaeuser Company

Share this article Share this article DELAWARE, Ohio, April 30, 2021 /PRNewswire/ Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced that it has completed its previously announced sale of 69,200 acres of timberlands in southwest Alabama to Weyerhaeuser Company (NYSE: WY) for approximately $149 million in cash. Proceeds from the sale will be used for debt repayment and will accelerate the transfer of Greif s enterprise value from debt to equity holders in line with the Company s stated financial priorities. About Greif, Inc. Greif is a global leader in industrial packaging products and services and is pursuing its vision: In industrial packaging, be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and c

Former Weyerhaeuser employee sentenced to federal prison for multimillion-dollar fraud scheme

EUGENE, OR   Susan Tranberg of Eugene, Oregon, was sentenced to federal prison today for defrauding her former employer, the Weyerhaeuser Company, out of more than $4.5 million, announced Acting U.S. Attorney Scott Erik Asphaug. Tranberg was sentenced to 57 months in federal prison and three years supervised release. According to court documents, beginning as early as June 2004 and continuing to January 2019, Tranberg defrauded Weyerhaeuser out of more than $4.5 million by submitting fraudulent invoices for payment to a fake vendor she created. Tranberg had worked for Weyerhaeuser in Springfield, Oregon in various positions for more than 40 years. A financial analysis determined that the vast majority of the money was used to fund a lavish lifestyle of expensive dinners, vacations, six-figure wedding expenses, and shopping sprees.

Netflix film Things heard & Seen based on upstate NY ax murder

Netflix film Things heard & Seen based on upstate NY ax murder
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$366 2 Billion Worldwide Manufactured Wood Materials Industry to 2027 - Impact of COVID-19 on the Market

Share this article Share this article ResearchAndMarkets.com s offering. Amid the COVID-19 crisis, the global market for Manufactured Wood Materials estimated at US$366.2 Billion in the year 2020, is projected to reach a revised size of US$505.6 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. Plywood, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$242.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Veneer Sheet segment is readjusted to a revised 4.5% CAGR for the next 7-year period.

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