Weyerhaeuser To Take $25 Million Charge In Closings

Weyerhaeuser Co. said it will take a first-quarter charge of $25 million, or 12 cents a share, to close or combine an unspecified number of plants and sell two businesses as part of a cost-cutting drive.

The company plans to close its corrugated medium paperboard plant in Longview, Wash., and sell Shemin Nurseries in Danbury, Conn.