SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
July 11, 1997
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(Date of earliest event report)
WEYERHAEUSER COMPANY
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(Exact name of registrant as specified in charter)
Washington 1-4825 91-0470860
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)
Tacoma, Washington 98477
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(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area
code: (253) 924-2345
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Item 5. Other Events
On July 10, 1997, Weyerhaeuser Company issued the following
press release:
"FEDERAL WAY, Wash. - Weyerhaeuser Company today announced the
closing of the sale of Saskatoon Chemicals, Ltd., to a
subsidiary of Sterling Chemicals Holdings, Inc. The purchase
price, which is subject to post closing adjustments, was
approximately US$65 million (CDN$95 million). Weyerhaeuser
expects the gain on the sale to have a material effect on its
third quarter earnings.
Sterling purchased the Saskatoon facility from Weyerhaeuser
Canada, a subsidiary of Weyerhaeuser. Located in Saskatoon,
Saskatchewan, Saskatoon Chemicals employs 165 and manufactures
sodium chlorate, primarily for the pulp and paper industry,
water treatment and other chemicals. Weyerhaeuser's pulp mills
in Prince Albert and Kamloops will continue to purchase about
50 percent of the products manufactured by Saskatoon Chemicals.
Weyerhaeuser said the sale is part of a continuing effort to
tighten its focus on the company's core businesses.
Weyerhaeuser Company is one of the largest integrated forest
product companies in the world. Its principal segments are
timberlands and wood products; pulp, paper and packaging; and
real estate. It is the world's largest private owner of
merchantable softwood timber and producer of softwood lumber
and market pulp. It also is one of North America's largest
recyclers of office wastepaper, newspaper and corrugated boxes.
Based in Houston, Texas, Sterling Chemicals Holdings, Inc., is
a holding company that, through its operating subsidiaries,
manufactures petrochemicals, acrylic fibers and pulp chemicals
and provides large-scale chlorine dioxide generators to the
pulp and paper industry. The company has an existing
petrochemical plant in Texas City, Texas; a fibers plant near
Pensacola, Florida; and pulp chemical plants in five Canadian
locations and one U.S. site."
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
WEYERHAEUSER COMPANY
By /s/ K. J. Stancato
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Its: Vice President and Controller
Date: July 11, 1997
