PCH - PotlatchDeltic acquires Timberlands in Southern Arkansas and Northern Louisiana

PotlatchDeltic (NASDAQ:PCH) announced a merger with Loutre Land and Timber Company. Company issued 1.96M shares of common stock and assumed debt of $6.6M in exchange for Loutre’s 51,340 acres of high-quality, well-stocked timberlands in southern Arkansas and northern Louisiana. “Loutre is a highly-attractive bolt-on acquisition that enhances our existing timberland footprint in southern Arkansas and northern Louisiana.We know the markets well and our integrated operating model will create additional value as we process the mature timber in our Waldo and Warren, Arkansas sawmills. Loutre also increases our stable cash flows, which is key to growing our regular dividend sustainably over time,” said Eric Cremers, president and CEO.

For further details see:

PotlatchDeltic acquires Timberlands in Southern Arkansas and Northern Louisiana