Roseburg Forest Products has completed the purchase of approximately 30,000 acres of timberland in the southern United States from Forest Investment Associates (FIA).
The properties are located in the northeast region of North Carolina and the southeast region of Virginia, and consist of well-managed loblolly pine plantations. Roseburg already owns 158,000 acres of timberland in the Roanoke Valley, following a 2017 acquisition.
“The addition of these high-quality properties to our existing Roanoke Tree Farm allows us to add more scale and operational efficiency to our southeastern timber operations,” Roseburg Senior Vice President of Resources Scott Folk said.
The most recent acquisition follows the July 1, 2021, announcement of Roseburg’s plan to build a new, high-capacity sawmill in nearby Weldon, N.C., to be called Roanoke Valley Lumber.
Founded in 1936, Roseburg Forest Products is a privately-owned company and one of North America’s leading producers of particleboard, medium density fiberboard and thermally fused laminates. Roseburg also manufactures softwood and hardwood plywood, lumber, LVL and I-joists.
