Potlatch and Deltic Timber Complete Merger
PotlatchDeltic Corporation (NASDAQ:PCH) (“PotlatchDeltic”) today announced the successful completion of the previously announced merger of Potlatch Corporation with Deltic Timber Corporation in an all-stock transaction, creating a leading domestic timberland owner and top-tier wood products manufacturer.
The combined company has changed its name to PotlatchDeltic Corporation.
“Today marks the beginning of a stronger PotlatchDeltic, positioned for growth,” said Chairman and Chief Executive Officer Mike Covey. “We are thrilled to be celebrating this milestone and eager to begin integrating our business and capturing significant merger benefits. Our businesses have solid plans in place to deliver on our synergy commitments and provide a seamless transition for our customers and other stakeholders.”
The combination brings together two leading timberland owners and wood products manufacturers, while also combining two highly complementary and successful real estate businesses.
Together, the combined company has a highly productive and diverse timberland portfolio of nearly 2 million acres, with approximately 1.1 million acres in the U.S. South, 600,000 acres in Idaho, and 150,000 acres in Minnesota. The company operates eight wood products manufacturing facilities, including six lumber manufacturing facilities, one medium density fiberboard (“MDF”) facility and one industrial plywood mill. In total, PotlatchDeltic has lumber capacity of 1.2 billion board feet, making it one of the leading producers in the U.S.
we have been leasing from potlatch for years, did we lose our lease now that you merged? we cannot access our lease online, was going to send a payment and our login isn’t working
Hi Jennifer! Thanks for reaching out via our news feed. We’ve sent you an email to get some more info so we can get your question in front of the right person and get you an answer quickly. Look forward to hearing back from you. =)
This will be the first year we or my club will be leasing land from Potlatch, we are in South Georgia I would like to speak to representative to ask questions about lease terms and agreements to get Somme clarification.
Hi Tim- Thanks for your inquiry. Your contact information has been provided to the lease individuals. They should be reaching out to you. Here is the lease site and contact information should you need it. Happy hunting!
https://rlms.potlatchdeltic.com/ https://rlms.potlatchdeltic.com/Contact.aspx