A timber company with deep Arkansas ties and a headquarters in El Dorado is being acquired in a $1.18-billion deal by Potlatch Corporation. The Spokane, Washington-based operation, now to be known as PotlatchDeltic Corporation, will have 1,500 employees combined and own 2-million acres of timberland. Deltic’s contribution is 530,000 acres in Arkansas and Louisiana.
Potlatch CEO Mike Covey will stay at the helm of the combined company. He told investors on Monday that he expects more activity out of south Arkansas forests and mills.