JACKSON, Miss.--(BUSINESS WIRE)--The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization headquartered in Jackson, Mississippi, announced today, on behalf of clients, the successful purchase of approximately 87,225 acres of timberland in northern Florida and southern Georgia from affiliates of CLAW Forestry Services, LLC.
The properties are located within three counties in northern Florida and seven counties in southern Georgia between the cities of Jacksonville and Tallahassee in Florida and Valdosta in Georgia—one of the most attractive timberland investment regions of the county due to its highly productive soils, excellent growing climate, and well developed timber markets. These properties have been in timber production for decades, with historical management by Packaging Corporation of American and International Paper Company. Molpus has established an office in Jasper, Florida, to oversee management.
“We are excited to have the opportunity to add such a high-quality asset to our management portfolio. Through sound stewardship and sustainable forest practices, we intend to continue the production of high-quality timber products that are so vital to the diverse wood-using facilities operating in the region,” said Ken Sewell, Chief Operating Officer.
Molpus currently has two million acres under management in eighteen states, valued in excess of $2 billion.
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 to 1905. Molpus is one of the oldest timber-related companies in the nation, with experience in all facets of timber management, manufacturing, and marketing. Molpus is one of the few TIMOs that has all of its core businesses and forestry functions handled or supervised by in-house experts.
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 optimal cash returns on investments while practicing responsible forest stewardship. Molpus currently manages approximately 1.9 million acres of timberland investments located in eighteen states. For more information, visit http://www.molpus.com/.
Nothing herein constitutes an offer to sell or a solicitation of an offer to subscribe for or buy any security with respect to any fund.
