Plum Creek Timber Co., Inc. (NYSE:PCL) today announced that on Oct. 1,
it completed the formation of the previously announced joint venture
with The Campbell Group LLC. The transaction allows Plum Creek to
capture the value of approximately 454,000 acres in six southern states
and values these timberlands at $783 million or approximately $1,725 per
acre.
Additional information on the transaction is posted on the company’s
Web site at www.plumcreek.com/investors.
Plum Creek is the largest and most geographically diverse private
landowner in the nation with timberlands in major timber producing
regions of the United States and 10 wood products manufacturing
facilities in the Northwest.
Plum Creek Timber Co., Inc.
Investors: John Hobbs
1-800-858-5347
Media: Robin Keegan 1-888-467-3751
