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Other Industry News > Timber and Environment
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Potlatch purchases 201,000 acres of southern timberland
Potlatch Corp. has agreed to purchase 201,000 acres of timberlands in Alabama and Mississippi from affiliates of Resource Management Service, LLC, for $384 million. The transaction is expected to close late in the fourth quarter and is subject to the satisfaction of customary closing conditions. For more, click here...
Sierra Pacific alleges corruption, cover-up in wildfire investigation
Sierra Pacific Industries has filed documents seeking to negate a settlement in which it was ordered to pay the federal government $47 million and deed it 22,500 acres of land to compensate for wildfire damage in two Northern California counties in 2007. The company asked a federal judge to "vacate the settlement" due to "fraud upon the court," according to the Sacramento Bee newspaper. Sierra Pacific contends that federal prosecutors knowingly allowed fire investigators to lie about their investigations. For more, click here...
Green Diamond buys 600,000 acres of Oregon timberland
Green Diamond Resource Co. has purchased nearly 600,000 acres of timberland in Southern Oregon, according to the Herald and News newspaper of Klamath Falls, Ore. For more, click here...
North American timber harvests rise
Increased North American log exports and higher softwood lumber production in the U.S. and Canada have resulted in a steady rise in timber harvests on the continent from 2009 to 2013, according to the Wood Resource Quarterly. However, despite the recent upward trend in log production, harvest levels in North America were still 40% higher 10 years ago than they were last year. For more, click here...
Timbervest adds to land purchases in SE
Timbervest LLC, an Atlanta-based company that manages timber-related assets and investments, has acquired an additional 20,000 acres of timberland through two acquisitions for its Timbervest Partners III, LP, investment fund. One 6,700-acre tract was purchased in northwest Alabama. A 14,000-acre parcel in Virginia 65 miles south of Richmond also was purchased. For more, click here...
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