The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, announced today, on behalf of clients, the successful purchase of approximately 87,225 acres of timberland in northern Florida and southern Georgia from affiliates of CLAW Forestry Services, LLC.
The properties are located within three counties in northern Florida and seven counties in southern Georgia between the cities of Jacksonville and Tallahassee in Florida and Valdosta in Georgia—one of the most attractive timberland investment regions of the county due to its highly productive soils, excellent growing climate, and well developed timber markets.
These properties have been in timber production for decades, with historical management by Packaging Corporation of America and International Paper Company. Molpus has established an office in Jasper, Florida, to oversee management.
“We are excited to have the opportunity to add such a high-quality asset to our management portfolio. Through sound stewardship and sustainable forest practices, we intend to continue the production of high-quality timber products that are so vital to the diverse wood-using facilities operating in the region,” said Ken Sewell, Chief Operating Officer.
Molpus currently has two million acres under management in eighteen states, valued in excess of $2 billion.
From BusinessWire: https://www.businesswire.com/news/home/20160208006075/en/Molpus-Woodlands-Group-Announces-Acquisition-87225-Acres