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Weyerhaeuser's Acquisition of Willamette Creates Forest Giant.
Knight Ridder/Tribune Business News, January, 2002
By Steve Woodward, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News
Jan. 22--On June 24, 1998, Steven R. Rogel first uttered his $7 billion wish.
Shortly after jumping from the helm of Portland's Willamette Industries to rival Weyerhaeuser, Rogel told his former boss, Willamette Chairman William Swindells, that he wanted to buy his old company.
On Monday, Rogel finally got his wish.
Acquiring Willamette will allow Rogel, Weyerhaeuser's chief executive, to build the company of his dreams.
Weyerhaeuser, like Willamette a company with Northwest roots that date back to the beginning of the 20th century, will become one of the dominant players in the consolidating wood-products industry. Rogel, who was CEO...
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