The Molpus Woodlands Group, LLC (Molpus) purchased approximately 18,433 acres of timberland in east central Alabama, as the company said in the press release received by Lesprom Network.
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.
"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.
