type public traded as nyse pcl s & p 500 component industry real estate investment trust founded 1989 headquarters seattle washington united states key people rick r. holley ceo 1 5 revenue 1.48 billion usd fy 2014 1 6 operating income 322 million usd fy 2014 1 6 net income 214 million usd fy 2014 1 6 number of employees 1 300 2014 1 22 website http www.plumcreek.com plum creek timber company inc. is a timberland owner and manager as well as a forest products mineral extraction and property development company . it is among the largest private landowners in the united states . it is headquartered in suite 3100 at 601 union street in seattle . 2 plum creek was spun off from burlington resources as a master limited partnership mlp on june 8 1989 . burlington resources was created from the burlington northern railroad s natural resources holdings in 1988 . plum creek timber is heir to some of the 47 million acres 19 000 000 ha of timberland originally granted by the federal government to the northern pacific railway in the 1860s and most of burlington s lands were originally purchased or otherwise acquired as timberland . 3 the mlp converted to a real estate investment trust on july 1 1999 in order to obtain tax and accounting advantages available to real estate developers . plum creek timber produces a line of softwood lumber products including common and select boards studs edge glued boards and finger jointed studs . these products are targeted to domestic lumber retailers such as retail home centers for use in repair and remodeling projects . these products are also sold to stocking distributors for use in home construction . the company also does mineral extraction natural gas production and deals with communication and transportation rights of way . as of december 31 2014 the company owned and managed approximately 6.58 million acres 2 660 000 ha of timber lands in 19 states as well as owned and operated five wood product conversion facilities in the northwest u.s. 1 8 on november 8 2015 it was announced that plum creek would be bought by seattle based weyerhaeuser for 8.4 billion forming the largest private owner of timberland in the united states . 4 contents 1 transactions with the u.s. federal government 2 environmental record 3 references 4 external links transactions with the u.s. federal government edit in late 1999 congress approved a land swap involving more than 42 000 acres 17 000 ha of forest land in the cascade mountains . in the deal plum creek gave up 31 000 acres 13 000 ha of land much of it along interstate 90 east of seattle in exchange for 11 500 acres 4 700 ha in federal lands . plum creek had warned the u.s. government that it would log the land should the deal not go through . the federal government also had to pay 4.3 million as part of the deal . 5 in 2008 senator max baucus arranged for appropriations in the 2008 farm bill to be used to purchase 310 000 acres 130 000 ha of plum creek land in montana . this project became known as the montana legacy project . environmental record edit there is some controversy over the management of plum creek s timberland mostly from environmental groups who decry the recent move from plum creek as a timber management company into a developer of its land taking advantage of the much more profitable land values that have occurred for undeveloped land in the late 1990s until the crash in real estate prices . plum creek is engaged in a proposal for a large resort and development tract in the northern maine woods on moosehead lake by greenville maine one of the largest undeveloped forests east of the mississippi . this follows on the heels of their development of managed land in washington state suncadia and montana moonlight basin yellowstone club into costly resorts bringing golf courses and luxury housing into the deep forests . the debate pits conservation groups trying to balance recreation and protection and the effects of sprawl and overdevelopment upon wildlife quality of life and the employment of local populations who depend in part on the hunting fishing and tourist trades which may be damaged by the overdevelopment of the area . plum creek states that they follow three principles replanting protecting water quality and managing wildlife habitat . every year plum creek replants approximately 85 million seedlings and plans for the natural regeneration of millions of trees . close to 2 000 000 acres 810 000 ha of land owned by plum creek are a part of four habitat conservation plans across the country and in montana are involved in a conservation agreement for the grizzly bear . 6 in 2001 plum creek at their medium density fiberboard facility completed the installation of a biofilter a new air emission treatment technology . this technology uses naturally occurring bacteria to destroy air pollutants that are generated in the wood fiber drying and pressing processes . the technology doesn t burn natural gas like most treatment systems do to destroy pollutants . 7 they are also currently working on a plum creek moosehead development . according to an environmental group the native forest network nfn if approved by the land use regulation commission plum creek s plan would increase maine s total carbon emissions by nearly 8 % . 8 references edit a b c d e f plum creek 2014 annual report home . plum creek timber . retrieved on january 25 2009 . jermanok stephen 2006 09 24 . delicate terrain . the boston globe magazine . the boston globe . retrieved 2006 09 24 . bhatt sanjay november 8 2015 . weyerhaeuser is buying plum creek for 8.4 b to form timber giant . the seattle times . retrieved november 9 2015 . plum creek forest service land swap now official . the seattle times . january 6 2000 . http www.plumcreek.com environment tabid 68 default.aspx http www.plumcreek.com downloads reports 2003envrepfinal.pdf fossil fools day blog archive plum creek receives fossil fool s award maine usa external links edit plum creek timber natural resources council of maine environmentmaine plum creek moosehead plan website plum creek merger negotiations v t e seattle based corporations within the seattle metropolitan area seattle and seatac based fortune 1000 corporations alaska airlines 482 amazon.com 49 expeditors international 428 nordstrom 227 starbucks 208 puget sound based fortune 1000 corporations companies listed above plus costco wholesale 22 expedia inc. 515 microsoft 35 paccar 168 puget sound energy 703 weyerhaeuser 363 major seattle and puget sound based non public or externally owned corporations big fish games darigold eddie bauer jones soda nash holdings nintendo of america qfc rei safeco t mobile us retrieved from https en.wikipedia.org w index.php title plum creek timber & oldid 737201284 categories companies formerly listed on the new york stock exchangereal estate companies of the united statesreal estate investment trustsreal estate investment trusts of the united statespulp and paper companies of the united statesfinancial services companies of the united statescompanies based in seattleforestry in the united statesforest products companies of the united states navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 1 september 2016 at 09 19 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of 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