Weyerhaeuser Finalizes Sale of Princeton, B.C. Lumber Mill to Gorman Group
Seattle, WA and Princeton, BC – September 2, 2025 – Weyerhaeuser Company (NYSE: WY) today announced the successful completion of the sale of its lumber mill located in Princeton, British Columbia, to Gorman Group. This transaction marks a significant development for both companies and the local forestry sector in the region.
The Princeton lumber mill has been a key operational site for Weyerhaeuser in British Columbia. While the specific terms of the sale were not disclosed, the completion of this agreement signifies a strategic shift for Weyerhaeuser, allowing them to concentrate on other areas of their business portfolio.
Gorman Group, a company with a growing presence in the forest products industry, is expected to bring its expertise and vision to the Princeton facility. This acquisition represents an expansion of Gorman Group’s operational footprint and their commitment to investing in the Canadian timber market. The company has expressed enthusiasm for integrating the Princeton mill into its existing operations and contributing to the local economy.
The sale is anticipated to have a positive impact on the Princeton community, with the potential for continued employment opportunities and sustained economic activity associated with the lumber mill. Local stakeholders are looking forward to seeing Gorman Group’s plans for the facility and their approach to managing the site responsibly.
Weyerhaeuser stated their gratitude to the employees at the Princeton mill for their dedication and contributions over the years. The company expressed confidence in Gorman Group’s ability to lead the mill into its next phase of operations.
This transaction underscores the dynamic nature of the forest products industry, with companies continuously adapting their strategies to optimize their assets and market positions. The future of the Princeton lumber mill under Gorman Group’s ownership is a development that will be closely watched by the industry and the local community.
Weyerhaeuser Completes Sale of Princeton, B.C., Lumber Mill to Gorman Group
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