PCL meaning in Business ?

Answer:

What is Plum Creek Timber Company, Inc. mean?

Plum Creek Timber Company, Inc. was a timberland owner and manager, as well as a forest products, mineral extraction, and property development company, until it merged with Weyerhaeuser Company. It was headquartered in Suite 3100 at 601 Union Street in Seattle.

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. 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.: 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. The transaction closed on February 19, 2016.

reference

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