Molpus Woodlands agrees to buy timberland in Alabama
by MBJ Staff
Published: October 14,2013
JACKSON — The timberland investment management firm Molpus Woodlands Group, LLC has, on behalf of a client, entered into an agreement to purchase approximately 73,000 acres of timberland located north, east and west of Birmingham, Ala.
The close of the purchase is set to occur in installments starting in October 2013. Terms were not disclosed.
The timberland, located in 13 counties, consists of loblolly pine plantations distributed among all age classes. Molpus currently maintains an office in Hoover, Ala., to oversee the management of approximately 161,000 acres purchased earlier in the Birmingham area.
Molpus president Dick Molpus said, “These properties represent a high-quality timberland investment within a competitive timber market, and they offer strong recreational opportunities to the region as well.”
Molpus currently manages approximately 1.5 million acres of timberland investments in 17 states and employs 97 people in its 15 offices operating in Alabama, Arkansas, Florida, Georgia, Idaho, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, New York, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas and Virginia.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Molpus closes Fund after more than $662M in commitments
- Kemper County plant will cost at least another $496M to complete
- Cochran calls on EPA for review of Yazoo Backwater Project
- State Sen. Gandy hospitalized in South America
- Camgian launches Internet of Things product called Egburt
- Former Mississippi First Lady Carroll Waller dies at 87
- After string of losses, O'Hara sees himself as Senate 'protest vote'
- Number of requests for general election absentee ballots roughly same as primary