Nov 13, 2013 | News, News/PR
A Wake County Superior Court Judge declined Tuesday to temporarily block N.C. State University’s sale of the massive Hofmann Forest in the southeastern part of the state near Jacksonville. The decision is a setback to opponents of the $150 million deal, who fear that...
Nov 11, 2013 | News, News/PR
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...
Nov 8, 2013 | News, News/PR
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...
Nov 6, 2013 | News, News/PR
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...
Nov 4, 2013 | News, News/PR
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...
Nov 1, 2013 | News, News/PR
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...
