Affiliates of The Lyme Timber Company LP (“Lyme”) closed their acquisition of approximately 92,000 acres of forestland in north central Pennsylvania and southwest New York from Seneca Resources.
The land is located primarily in Potter, McKean, Cameron, and Elk Counties, Pennsylvania, and the acquisition adds to Lyme’s 67,000-acre existing forestland ownership in the region. Three Rivers Forest Management, a business Lyme established in Coudersport, Pennsylvania, will manage the combined land base, which spans fourteen counties in Pennsylvania and five counties in New York. The acquisition reflects Lyme’s commitment to sustainable forest management and the forest products supply chain in Pennsylvania.
Lyme’s CEO Jim Hourdequin commented, “This is an exciting time of growth for our business in Pennsylvania. Seneca has managed the property for over a century to deliver economic and ecological value to the region. The land complements our existing land base, enables efficiencies in our operations, and provides access to a vibrant local forest products economy.”
