PotlatchDeltic Acquires CatchMark
Warning: Array to string conversion in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor/core/dynamic-tags/manager.php on line 73
On May 31, PotlatchDeltic Corporation and CatchMark Timber Trust announced their agreement to merge in an all-stock transaction. The combined company will own approximately 2.2 million acres of timberland, including 626,000 acres in northern Idaho and more than 1.5 million acres in six states across the South.
PotlatchDeltic’s acquisition of CatchMark is projected to result in a pro forma market capitalization of more than $4 billion, a total enterprise value of more than $5 billion, and a net debt of $577 million. The transaction is expected to close as early as Q3 2022.
Plans to leverage PotlatchDeltic’s expertise in rural land sales and CatchMark’s knowledge of Southern markets should maximize opportunities for rural real estate sales, such as conservation and solar transactions.
Click here to learn more.
Commissioners agree to mediated settlement with family of Florida Congressman Clay Shaw over negative impact …