PORTLAND, Ore., March 18 /PRNewswire-FirstCall/ -- Weyerhaeuser Company (NYSE: WY) will formally welcome employees of Willamette Industries this week, as the two companies join forces to create a global forest products leader with nearly $19 billion in sales. More than 3,000 Willamette employees at 30 plants, forestry offices and other work sites across Oregon will participate in welcome and orientation activities that signify the official name change to Weyerhaeuser Company. "We're excited to officially become part of Weyerhaeuser," said Jim James, Willamette's general manager for Forest Resources. "We're proud of the success Willamette has achieved over the years, and now we're ready to move forward as part of a stronger and more competitive company. Our folks are eager to make the change." Part of a series of welcome activities at Willamette's 106 U.S. locations, events will include remarks by Weyerhaeuser leaders, a welcome video, safety orientations and information about benefits. Employees will also raise temporary signage with the new company identity and begin answering the phone, "Weyerhaeuser Company." "This is a milestone on the road to growing the global leader in our industry, and we welcome what we know are world-class employees," said Steven R. Rogel, chairman, president and chief executive officer. "Our combined strengths in our core businesses of forest management, building materials, composite panels, containerboard packaging, and pulp and fine paper will allow us to serve our customers better than ever. Becoming more competitive means we'll be able to continue to provide well-paying jobs and to otherwise support the communities where we do business." Integration teams made up of Weyerhaeuser and Willamette employees will recommend how to best combine the two companies. The teams, working now, are expected to complete their recommendations by early June. The combination creates a company with leadership positions in all of its major product lines and that manages approximately 40 million acres of forests in North America: -- World's largest producer of softwood market pulp. -- World's largest producer of softwood lumber. -- World's largest producer of engineered lumber products. -- World's second largest in global containerboard packaging. -- World's second largest in printing and writing paper. Weyerhaeuser Company, one of the world's largest integrated forest products companies, was incorporated in 1900. In 2001, sales were $14.5 billion. It has offices or operations in 17 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at www.weyerhaeuser.com.
SOURCE Weyerhauser Company