Weyerhaeuser Chief Executive Officer Doyle Simons

Weyerhaeuser Chief Executive Officer Doyle Simons

Temple Inland Inc. via Bloomberg

“The combined company will be a strong standalone homebuilder, and the separation of our homebuilding division allows us to focus on driving performance in our forest products businesses to deliver further value to our shareholders,” Weyerhaeuser Chief Executive Officer Doyle Simons said in the statement.