Weyerhaeuser announced an agreement to acquire approximately 117,000 acres of high-quality timberlands in North Carolina and Virginia from Roanoke Timberlands, a subsidiary of Roseburg Forest Products, for $375 million. Comprised of mature, highly productive timberlands, the acreage will be well-integrated with existing Weyerhaeuser timberland and mill operations in North Carolina, will expand the company’s footprint into attractive markets in southeastern Virginia and will offer substantial alternative value opportunities. …Mature planted pine age class expected to produce an average annual harvest of 7.4 tons per acre (or 860,000 tons) over the first five years. …The acquisition is expected to close in the third quarter and is subject to customary closing conditions. …When the acquisition is complete, Weyerhaeuser will own or manage approximately 744,000 acres of timberlands in North Carolina and 150,000 acres in Virginia — employing more than 600 people across the two states.