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Article: ACQUISITION IS LIKELY TO DIVERSIFY PLUM CREEK.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- October 5, 2001
- Author:
CopyrightCOPYRIGHT 2001 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: BILL VIRGIN P-I reporter
Plum Creek Timber Co. completes its acquisition of Georgia Pacific's The Timber Co. this weekend, and once the deal is done, the Seattle-based company can turn to figuring out just what the company is going to be.
One thing Plum Creek definitely will be is larger. The acquisition of The Timber Co. will more than double the size of Plum Creek and make it the country's second-largest private timberlands holder, trailing only International Paper.
But Chief Executive Rick Holley is looking for more than sheer volume of wood out of the deal. He is also looking at ways for Plum Creek to be more than a company that ...