Plum Creek Timber
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Plum Creek Timber is one of the largest private owners of timberland in the United States, second only to International Paper.
Headquartered in Seattle, Washington, Plum Creek was spun off from Burlington Resources, Inc., as a master limited partnership on June 8, 1989. It converted to a real estate investment trust on July 1, 1999, and its shares trade on the New York Stock Exchange under the ticker symbol PCL.
Burlington Resources was itself created from the Burlington Northern railroad's natural-resources holdings in 1988; Plum Creek Timber is therefore heir to the timberland granted by the federal government to the Northern Pacific Railway in the 1860s.
External links
- Plum Creek Timber (http://www.plumcreek.com)