(KONP staff) – 145,000 acres of Weyerhaeuser timberland in Washington have been sold to Hampton Lumber, the companies announced this month.

The transaction is valued at around $266 million.

The purchase includes land in Whatcom, Skagit, Snohomish, King, Chelan and Kittitas counties, and will feed into Hampton’s Darrington sawmill, which serves North American and Asian markets.

Hampton Lumber is a nearly 80-year-old company based out of Portland. It operates nine sawmills across Oregon, Washington and British Columbia.

Weyerhaeuser owns or controls approximately 11 million acres of timberlands in the United States.