Weyerhaeuser to Sell Princeton, B.C., Lumber Mill to Gorman Group
Agreement with local buyer includes manufacturing facility and associated timber licenses in British ColumbiaSEATTLE, May 21, 2025 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced it has reached an agreement to sell its lumber mill in Princeton, British Columbia, to the Gorman Group, owners of Gorman Bros. Lumber Ltd., a family-owned wood products manufacturer headquartered in West Kelowna, B.C. The purchase price is approximately $120 million CAD in cash, which includes Weyerhaeuser's manufa ...