Molpus Woodlands, Boston firm purchase nearly 2M acres in four states
by MBJ Staff
Published: July 19,2012
JACKSON — The Hancock Timber Resource Group of Boston and Jackson-based Molpus Woodlands Group have purchased the 1.88 million acre timberland portfolio of Forest Capital Partners, the companies report.
Terms of the transaction were not disclosed.
Hancock Timber is acquiring 376,000 acres in Louisiana, 573,000 acres in Oregon, 138,000 acres in Idaho and 264,000 acres in Washington.
Molpus is acquiring 286,000 acres in Minnesota, 110,000 acres in Louisiana and 138,000 acres in Idaho.
As part of the transaction, the vast majority of Forest Capital Partners’ employees associated with the timberlands will be merged into operations of the respective new managers, the Hancock Timber Resource Group or the Molpus Woodlands Group.
“With the opportunity to partner on this transaction, we are able to provide key assets to our clients, which we will oversee from new forestry offices in Coeur d’Alene, Idaho, and International Falls, Minn. We continue to be committed to the sound forestry stewardship practices historically associated with these properties,” said Molpus Woodlands Group president Dick Molpus.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Two BancorpSouth mergers delayed by federal inquiries
- Moon River Foods creating 100 jobs in Mississippi Delta
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- Severstal selling plants, including Severstal Columbus
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Google chooses Mad Genius as example of Internet use
- Weyerhaeuser investing $57M to modernize lumber mill
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Health officials identify another case of chikungunya virus