The Washington disposition is largely comprised of high-elevation terrain in the North Cascades range, with approximately 25 percent of the acres located in Chelan County on the east side of the mountains. Weyerhaeuser acquired the property through the acquisition of Longview Timber in 2013. It primarily supplies Hampton's nearby lumber mill in Darrington, Wash., and does not supply Weyerhaeuser's internal mills or strategic export customers. The property also has the highest operating costs and lowest site productivity and Douglas-fir mix in the company's western portfolio, and it is not expected to materially contribute to near-term or future Adjusted EBITDA.

Weyerhaeuser owns or manages nearly 1.3 million acres and also operates two mills, two nurseries and several other sites in Washington, including its company headquarters in Seattle. The Washington disposition is subject to customary closing conditions and is expected to close in the third quarter of 2021.