nasdaq pch industry forestry real estate founded 1903 as potlach lumber headquarters spokane wa key people michael j.covey chair ceo pres products lumber plywood minerals revenue 476.17 million 2009 1 net income 77.33 million 2009 total assets 806.135 mil sept 20102 % yoy 2 number of employees 920 september 2010 subsidiaries potlatch trs sells non core real estate website www.potlatchcorp.com potlatch corporation is an american diversified forest products company based in spokane washington . it manufactures and sells lumber panels and particleboard and receives revenue from other assets such as mineral rights and the leasing of land as well as the sale of land considered expendable . contents 1 history 2 properties 3 spin off of clearwater paper corporation 4 annual financial information 2001 2009 5 references 6 external links history edit in 2002 potlatch sold its cloquet minnesota pulp and printing papers facilities and associated assets to sappi limited for us 480 million . this sale marked its exit from the coated printing papers business . in 2006 potlatch restructured to form a real estate investment trust reit . in this restructuring all of the company s manufacturing operations are held by a wholly owned subsidiary allowing the company to refocus on managing their large land holdings in oregon idaho minnesota and arkansas . properties edit the company owns about 1 600 000 acres 6 500 km2 of land in rural minnesota idaho wisconsin and arkansas . the forestry products that it sells are processed at six company owned facilities . 3 spin off of clearwater paper corporation edit on december 9 2008 clearwater paper corporation previously a subsidiary of potlatch was created via a spin off with gordon l. jones a vice president of potlatch as the new company s president and ceo . shares of clearwater paper nyse clw stock were distributed to potlatch share holders at a ratio of 1 share of clearwater stock for every 3.5 shares of potlatch stock held with any fractional shares being paid in cash . clearwater stocks began trading on december 16 2008 . in august 2012 since clearwater paper s stocks have failed to rise the company prepared to split in two and sell one or both businesses . 4 annual financial information 2001 2009 edit part of the reason for the large fall in revenue after 2005 is due to the divestiture of assets such as clearwater paper . financial information 2009 1 2008 1 2007 1 2006 2005 5 2004 5 2003 5 2002 2001 total revenue us m 476.169 439.957 423.472 417.24 1 496.1 1 351.4 1 192.4 1 286.2 1 752.0 net income loss us m 81.431 72.937 74.642 139.11 32.9 271.2 50.7 234.4 79.4 references edit a b c d potlatch corp. 2009 annual report . 2010 . potlatch corp. 2010 third quarter financial report . 2010 10 29 . potlatch corp. sec info via nasdaq . retrieved 2011 02 02 . sac urges clearwater paper to ready itself for sale reuters 21 august 2012 a b c potlatch corp. 2005 annual report pdf . 2006 . external links edit company web site retrieved from https en.wikipedia.org w index.php title potlatch corp. & oldid 646866638 categories companies based in spokane washingtonpulp and paper companies of the united statesforest products companies of the united statesreal estate investment trustsfinancial services companies of the united statescompanies listed on nasdaq 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 add links this page was last modified on 12 february 2015 at 23 15 . 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 the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view