IKEA Partner Buys More Timberland
Ingka Group, a major franchise partner in the IKEA system, operating 380 IKEA stores in 31 countries, has acquired nearly 11,000 acres located in southeast Georgia near the Altamaha River Basin from The Conservation Fund.
Ingka Group, based in the Netherlands, now owns 136,000 acres in five states—Georgia, South Carolina, Alabama, Texas and Oklahoma, and owns a total of 613,000 acres worldwide, including the U.S. and Europe.
Ingka Group’s forest management is audited by the Forest Stewardship Council. Between September 2019 and August 2020 Ingka Group planted 600,000 seedlings in the U.S. and close to 7 million seedlings worldwide.
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Florida’s St. Joe Company Sells 380,000 Acres In $565 Million Agreement
The St. Joe Company announced an agreement Thursday to sell more than two-thirds of its Northwest Florida landholdings. The agreement outlines the sale of 382,834 acres of rural timberland to Utah-based company AgReserves Inc. for $565 million, leaving St. Joe with...
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