The Daily Globe - Serving Gogebic, Iron and Ontonagon Counties

Timber company announces sale of Michigan timberlands

 

October 21, 2019



By RICHARD JENKINS

[email protected]

SEATTLE — One of the largest private owners of timberlands in the world has announced the sale of over half a million acres in the state of Michigan, including land in Ontonagon County.

Weyerhaeuser Company announced last month that it was selling its 555,000 acres in Michigan to Lyme Great Lakes Holding — an affiliate of The Lyme Timber Company — for $300 million cash. Lyme Timber Company Managing Director and CEO Jim Hourdequin said the sale includes 41,151 acres in Ontonagon County and 58,937 acres in Iron County, Michigan.

“This tra...



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