Weyerhaeuser Company has announced that it is considering a “broad range of strategic alternatives” for its commercial construction sales arm.
It said that the strategic alternatives review was intended to ensure it is “optimised for long-term growth” and that the current alternatives range from continuing to manage the business to a sale of the assets, or a combination.
“We are positioning our wood products business to grow in areas that represent the greatest opportunities for our shareholders and employees,” said residential wood products senior vice-president Lee Alford.
“The decision to proceed with a strategic alternative review is driven by our desire and need to focus on our core strategies in the residential structural frame market.”
