PotlatchDeltic completed the merger with CatchMark Timber Trust in a $919m deal.

PotlatchDeltic, an American diversified forest products company, completed the merger with CatchMark Timber Trust, a real estate investment trust, in a $919m deal. “The completion of the CatchMark merger diversifies our timberland ownership into some of the strongest markets in the US South. The work to integrate the two companies and realize our synergy target starts immediately. We are excited about leveraging the financial and strategic benefits of the transaction to continue growing shareholder value over the long term,” Eric J. Cremers, PotlatchDeltic President and CEO.