Wednesday, August 30, 2006

Weyerhaeuser Buys RFID Firm

Washington-based Weyerhaeuser Company has acquired Colorado Springs, Colorado-based OrganicID, a developer of printed radio frequency identification devices, the firm said Wednesday. Terms of the acquisition were not disclosed. OrganicID develops technology used to design and develop low cost RFID tags for inventory control and supply chain applications, and was backed by ITU Ventures. Weyerhaeuser is a provider of wood and forest products.