Mar 10, 2016. /Lesprom Network/. Mitsui & Co., Ltd. has entered into an agreement to acquire a 22.5% shareholding in New Forests Pty Limited, as the company said in the press release received by Lesprom Network.

Mitsui’s investment in New Forests is part of its strategy to increase and diversify its investment in forestry to meet the world’s growing demand for sustainably produced timber from well managed forest resources.

Mitsui will support the growth of New Forests using its extensive business network and knowledge accumulated through its long-term engagement in the forest sector.

Mitsui also has expertise in asset management and financing and the capacity to support New Forests in entering the Japanese institutional investment market.

New Forests is an investment manager specializing in sustainable forestry and land management in Australia, New Zealand, Asia, and the United States.