Industry News
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...
Group Still Suing To Block Sale Of N.C. State’s Hofmann Forest
A $150 million deal to sell N.C. State's Hofmann Forest to an Illinois farming empire is nearly complete—but an injunction hearing to block the sale is still scheduled for Tuesday, Nov. 12. The forest owners, N.C. State University's Board of Trustees of the Endowment...
Rayonier Completes $385 Million Mill Expansion In Georgia
Rayonier Inc. has finished a massive expansion to its mill in Jesup, Ga. The $385 million cellulose specialties expansion added 190,000 metric tons of additional production capacity to the mill. Rayonier’s cellulose specialties fibers are used in everyday products...
20/15 Project Advances South Carolina Forestry Industry
The South Carolina forestry industry is poised for growth over the next decade. By 2020, annual harvest volumes are expected to increase by four to eight million tons, or 20 to 40 percent over the current 20 million tons. This is just one of the positive numbers to...
N.C. State Sells 79,000-Acre Hofmann Forest For $150 Million
The Hofmann Forest, a 79,000-acre wooded property near Jacksonville, N.C., that's owned by the Board of Trustees for the Endowment Fund of N.C. State University, has been sold to Jerry Walker, an agri-businessman from Illinois, for $150 million. Proceeds from the sale...
$1.1 Billion Deal Would Double Plum Creek Timberland In South Carolina
A major S.C. landowner, Plum Creek Timber Co., plans to nearly double its Palmetto State acreage by buying 175,400 acres from MeadWestvaco. That property is expected to remain as timberland, according to a Plum Creek news release. But as part of the deal, Plum Creek...
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