Weyerhaeuser Completes Sale of Commercial Business to Atlas Holdings LLC

Weyerhaeuser Company (NYSE:WY) today announced the completion of the sale of its Commercial business to a wholly-owned subsidiary of Atlas Holdings LLC. Terms of the sale were not disclosed.

The transaction includes four manufacturing plants focused on the commercial construction market (located in Chino, Calif.; Hillsboro, Ore.; Delaware, Ohio and Stayton, Ore.) and 13 sales and engineering offices. About 230 employees will transfer from Weyerhaeuser to Atlas as a result of the transaction.

"The people on the Commercial team have invested much hard work over the years,” said Carlos Guilherme, iLevel vice president of marketing and sales. "The sale of these assets provides associates with a new owner that has the focus and long-term interest required for the commercial segment.”

iLevel continues its commitment to providing dealer customers with a range of products and services for single family, multi-family, hotel/motel and light commercial construction.

"iLevel provides innovative, industry-leading products backed by extensive technical and field support,” said Guilherme. "We plan to supply the iLevel® Trus Joist® family of engineered lumber products and iLevel services and software using our vast dealer network."

About Atlas Holdings

Atlas Holdings LLC operates businesses in a number of industrial sectors, including the wood products, pulp and paper, packaging, capital equipment and industrial services industries. Founded in 1999 with the acquisition of a single paper mill, Atlas has since expanded its operations to include more than 40 facilities and 3,200 employees across North America and Europe. For additional information, please visit www.atlasholdingsllc.com.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2008, sales were $8 billion. It has offices or operations in 10 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction and development. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com.