The company was not required to disclose the value of the potential sales, but the effect on the company’s finances would be relatively small, said a company spokesperson.
In a statement, Weyerhaeuser said it was in final negotiations with Platinum Equity, a private Los Angeles firm, for the sales of wholesale building products distribution centres in Canada.
The company said it expects the sales – which affect all 16 of its distribution centres – to close during the second quarter.
Weyerhaeuser also said it was in preliminary talks with an unidentified buyer for 10 of its US distribution sites, which deal in timber, plywood, roofing and other building materials.
The company will keep control of 40 similar centres in larger markets, it said.
