Roseburg Resources Co. has completed the previously announced sale of its California timberlands to Shasta Cascade Timberlands, a new company formed by New Forests. The transaction includes approximately 170,000 acres of investment-grade timberland in northern California, largely in Siskiyou and Shasta counties, as the company says in the press release received by Lesprom Network.
"Shasta Cascade Timberlands is acquiring a very well-managed, high-quality tree farm, and will benefit from the services of a team of highly skilled professional employees," said Scott Folk, Roseburg’s Senior Vice President of Resources.
Roseburg Forest Products will continue to own and operate its veneer facility located in Weed, California.
Roseburg Forest Products is a wood products company headquartered in Springfield, Oregon, USA.
