Molpus Woodlands Group Announces the Purchase of 18,433 Acres in East Central Alabama
JACKSON, Miss.--(BUSINESS WIRE)--Nov 20, 2019--
The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, has, on behalf of a client, successfully purchased approximately 18,433 acres of timberland in east central Alabama.
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Molpus Announces the Purchase of 18,433 Acres in East Central Alabama (Photo: Business Wire)
These historically well-managed timberlands have been under industrial timberland management for over 50 years and are located in one of the deeper U.S. timber markets, with multiple timber processing facilities in close proximity. The timberlands are located within the Coastal Plain physiographic region, which has a long history of successful commercial timber production as the soils and topography lend themselves to year-round operability and result in high productivity levels.
“As a long-time timberland manager in the state of Alabama, we look forward to applying our local knowledge to manage these forests for the benefit of the area economy, providing both raw materials to area facilities and public recreational opportunities,” said Ken Sewell, Chief Operating Officer of Molpus. “Molpus is committed to sustainable forestry and sound stewardship practices and, as with our other forests, these properties will be third-party certified as tangible evidence of that commitment.”
Molpus currently manages approximately 1.8 million acres of timberland investments in seventeen states.
The Molpus Woodlands Group, LLC, a Registered Investment Advisor, was founded in 1996 as a Timber Investment Management Organization (TIMO) and has a company legacy dating to 1905. Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing, and marketing. 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 located in seventeen 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.
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CONTACT: Molpus Woodlands Group
Michael R. Cooper, 601-948-8733
KEYWORD: MISSISSIPPI ALABAMA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FOREST PRODUCTS NATURAL RESOURCES
SOURCE: Molpus Woodlands Group, LLC
Copyright Business Wire 2019.
PUB: 11/20/2019 09:41 AM/DISC: 11/20/2019 09:41 AM