One Rock Capital Partners LLC is buying North Pacific Paper Co. from Weyerhaeuser Co. (NYSE: WY), as operators of paper mills have become vulnerable during the on-going transition to digital media.

Weyerhaeuser, which owns 13 million acres of timberlands, primarily in the U.S., and manages additional timberlands under long-term licenses in Canada, has been engaged in a strategic review of its cellulose fibers business since November 2015. The timberland owner, based in Federal Way, Washington, completed the acquisition of Plum Creek Timber Company Inc. in February 2016.

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