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PotlatchDeltic Corporation [2] (originally Potlatch Corp) is an American diversified forest products company based in Spokane, Washington.. It manufactures and sells lumber, panels and particleboard and receives revenue from other assets such as mineral rights and the leasing of land as well as the sale of land considered expendable.
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Potlatch Corporation would become a real estate investment trust while Clearwater Paper retained Potlatch tissue and paperboard manufacturing facilities. [ 7 ] According to the IRS , the spin-off was ruled to be a tax-free distribution of stock as Potlatch issued 1 share of Clearwater Paper stock for every 3.5 shares of Potlatch stock, with ...
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PotlatchDeltic (PCH) is poised to gain from solid housing fundamentals and lumber demand.