Plum Creek Timber Company Inc
(NYSE: PCL)
+0.27
+0.57%
| Exchange: | NYSE |
| Stock: | Plum Creek Timber Co. Inc. |
| Industry: | REIT - Residential |
| Employees: | 639 |
| Plum Creek Timber Company, Inc. (Plum Creek) is a private timberland owner in the United States. As of December 31, 2011, Plum Creek owned 6.6 million acres of timberlands located in 19 states. The Company timberlands are diversified, not only geographically, but also by species mix and age distribution. Plum Creek manages its timberlands in two business segments: the Northern Resources Segment, consisting of timberlands in Maine, Michigan, Montana, New Hampshire, Oregon, Vermont, Washington, West Virginia and Wisconsin, and the Southern Resources Segment, consisting of timberlands in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Texas. In January 2012, the Company acquired approximately 4.7 million tons of standing timber in its Southern Resources segment. In April 2013, it announced the completion of the purchase of approximately 46,000 acres of timberlands in western Georgia and eastern Alabama from the Campbell Group, LLC. |
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