Aug 10, 2011. /Lesprom Network/. The Molpus Woodlands Group, LLC (Molpus), on behalf of a client, entered into an agreement to purchase approximately 90,000 acres of timberland located in northern Michigan, USA. The close of the purchase is set to occur at the end of August 2011, as the company said in a press release received by Lesprom Network. The timberland, located in Baraga, Houghton, Iron, and Ontonagon Counties, Michigan, consists mainly of northern hardwoods such as maple, yellow birch, white spruce, and white pine. Molpus currently maintains an office in Houghton, Michigan to oversee the management of approximately 67,000 acres in the Upper Peninsula of Michigan. “Timberlands have historically provided respectable returns and acted as a strong inflation hedge,” says Molpus Woodlands Group President, Dick Molpus. “On average, 60% of the returns are derived from biological growth, which helps to protect the corpus of the investment and make it less vulnerable to market fluctuations.” This acquisition will increase Molpus's current acreage under management to over one million acres located in 15 states. Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing, and marketing. Molpus acquires, manages, and sells timberland as an investment vehicle for pension funds, college endowments, foundations, insurance companies, and high net-worth individual investors. The company focuses on ensuring long-term optimum cash returns on investments while practicing responsible forest stewardship.