AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Molpus Woodlands Group Purchases 86,605 Acres in East Texas

December 17, 2019 GMT
Molpus Woodlands Group Purchases 86,605 Acres in East Texas
Molpus Woodlands Group Purchases 86,605 Acres in East Texas

JACKSON, Miss.--(BUSINESS WIRE)--Dec 17, 2019--

The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, has, on behalf of two clients, successfully purchased approximately 86,605 acres of timberland in east Texas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191217005588/en/

Molpus Woodlands Group Purchases 86,605 Acres in East Texas (Photo: Business Wire)

Located in five counties in east Texas and comprised of properties with over 75 years of management, these timberlands provide exposure to broad timber markets that represent the diverse spectrum of pulp, paper, lumber, and panel producers across east Texas. Molpus plans to include these timberlands in its certification with the Sustainable Forestry Initiative® standard, which includes key measures to protect biodiversity, sustainable harvest levels, water quality, protection of at-risk species, wildlife habitat, and regeneration.

Molpus’s forest certification program is a key element of its commitment to incorporating environmental, social, and governance (ESG) policies and practices into investment analysis and decision-making. ESG values inform everything Molpus does in the forest and throughout its company. Molpus also recognizes the critical importance of land-based solutions and healthy forests in climate change mitigation and carbon sequestration.

“We are pleased to further increase our presence in east Texas, a region where we have a long history of successfully managing timberland properties in a sustainable manner,” said Bob Lyle, President of Molpus. “Private working forests, such as these, are an important part of the economic infrastructure of east Texas and they provide vital environmental benefits like clean air and water. They produce renewable, recyclable and reusable wood and paper products, provide quality recreational experiences, and supply a growing resource for renewable energy.”

About Molpus

The Molpus Woodlands Group, LLC (Molpus) acquires, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high-net-worth individual investors. Molpus currently manages approximately 1.8 million acres of timberland investments in 17 states. Molpus incorporates environmental, social, and governance (ESG) policies and practices into investment analysis and decision-making. Molpus believes its strong ESG performance has positive implications for the environment and the future of Molpus. Molpus was founded in 1996 as a timber investment management organization (TIMO) and has a company legacy dating back to 1905. Molpus is one of the oldest timber- related companies in the United States.

For more information, visit http://www.molpus.com/. Nothing herein constitutes an offer to sell or a solicitation of an offer to subscribe for or buy any security with respect to any fund.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005588/en/

CONTACT: Molpus Woodlands Group

Michael R. Cooper, 601-948-8733

KEYWORD: MISSISSIPPI TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCE NATURAL RESOURCES ENVIRONMENT PROFESSIONAL SERVICES FOREST PRODUCTS

SOURCE: Molpus Woodlands Group

Copyright Business Wire 2019.

PUB: 12/17/2019 10:34 AM/DISC: 12/17/2019 10:34 AM

http://www.businesswire.com/news/home/20191217005588/en