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Alabama’s Westervelt Co. Announces New SYP Sawmill

The Westervelt Co. on Tuesday announced the construction of a new lumber mill in Thomasville that will create 125 jobs. The Tuscaloosa-based company said in a news release that the Thomasville facility will produce around 250 million board feet of Southern yellow pine...

IKEA Group Acquires 25,000 Acre Forest In Alabama

IKEA Group acquired its first U.S. forest property, covering approximately 25,000 acres in Lowndes County, Alabama. The investment in forestry is part of a broader strategy to invest in the sustainable production of resources that IKEA Group consumes directly, such as...

Timber Industry Booming In Alabama

Contrary to popular belief that urban encroachment is depleting forests, timberland is actually increasing in Alabama. The state now has a record-high 23 million acres of timber, putting it third in the country behind Georgia and Oregon, according to a new report by...

Molpus Woodlands Group To Acquire 73,000 Acres In Alabama

The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, has, on behalf of a client, entered into an agreement to purchase approximately 73,000 acres of timberland located north, east, and west of...