Lumin plywood, popular in the UK, is marketed as a “sustainable” plywood, due to its being made from plantation-grown pine and eucalyptus trees and is available in six grades. It is produced in Tacuarembó in the north central region of Uruguay, by the Weyerhaeuser Productos SA plywood mill.

The transaction includes over 120,000ha of timberlands in northeastern and north central Uruguay, the plywood and veneer manufacturing facility, a cogeneration facility, and a seedling nursery.

“Our Uruguay business is a unique combination of high-quality timberlands, value-added manufacturing operations and skilled and dedicated people, and this transaction will best position the business to reach its full potential,” said Doyle R Simons, Weyerhaeuser’s president and CEO.

The transaction is subject to regulatory review and is expected to close in the Q4, 2017.