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Plum Creek Timber- (PCL)- the company is a real estate investment trust (REIT), owns and manages timberlands in the United States. Its products include lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips. The company sells its products to wood products retailers, home construction, and industrial customers. The company also focuses on mineral extraction; and natural gas production, communication, and transportation. As of December 31, 2007, it operated approximately 8 million acres of timberlands. As a REIT, it would not be subject to the federal income tax, provided it distributes at least 90% of the taxable income to its shareholders. Plum Creek Timber Company was founded in 1989 and is based in Seattle, Washington.
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