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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Brandon man hauls in record 756-pound alligator
- McDaniel delays decision on whether to appeal dismissal of lawsuit
- More than a dozen school districts sue state over funding
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- Jackson to get C Spire's high-speed internet
- Is cotton looking too good? Farmers facing weaker prices
- New York firm buying majority interest in Tupelo mall, shopping center
- Bryant issues executive order to establish Delta water task force