PotlatchDeltic Acquires Loutre Land and Timber Company

December 22, 2021

PotlatchDeltic Corporation merged with Loutre Land and Timber Company, issuing 1.96 million shares of common stock and assuming $6.6 million of debt in exchange for Loutre's 51,340 acres of timberlands in southern Arkansas and northern Louisiana. The transaction is a bolt-on acquisition that expands PotlatchDeltic's timberland footprint and is expected to increase stable cash flows and support dividend growth.

Buyers
PotlatchDeltic Corporation
Targets
Loutre Land and Timber Company
Sellers
Loutre Land and Timber Company shareholders
Industry
Real Estate
Location
Arkansas, United States
Transaction Type
Addon

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