Jul 04, 2012. /Lesprom Network/. The Molpus Woodlands Group has announced the successful purchase of a major tract of timberland, 76,090 acres. The acreage, consisting of high-quality industrial timberland, is located in northwest and southeast Louisiana and northeast Texas, USA. The timberlands offer a balanced pine plantation age class distribution, as well as strong recreational values, as the company said in the press release received by Lesprom Network. "This ownership has historically been well-managed, is highly productive, and is located in close proximtity to stable and competitive timber markets. We are pleased about the future potential to our clients," stated Molpus Woodlands Group President, Dick Molpus. The fund, which closed in May of 2011 at $439 million, is made up of U.S. and international investors, including corporate and public retirement systems, university endowments, foundations, and high net worth individuals. Molpus currently manages approximately 1 million acres of timberland investments located in fifteen states. The Molpus Woodlands Group, LLC, a Registered Investment Advisor, was founded in 1996 as a Timber Investment Management Organization (TIMO) and has a company legacy dating back to 1905. With its sister operating company, Molpus Timberlands Management, LLC (collectively, Molpus), Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing, and marketing.