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Roseburg, Roseburg, Or., has completed the purchase of approximately 30,000 acres of timberland in the southern U.S. from Forest Investment Associates, Atlanta, Ga.
The properties are located in the northeast region of North Carolina and the southeast region of Virginia, and consist of well-managed loblolly pine plantations. Roseburg already owns 158,000 acres of timberland in the Roanoke Valley that it acquired in 2017.
“The addition of these high-quality properties to our existing Roanoke Tree Farm allows us to add more scale and operational efficiency to our southeastern timber operations,” said Roseburg senior VP of resources Scott Folk.
The acquisition follows on the heels of Roseburg’s announcement to build a new, high-capacity sawmill in nearby Weldon, N.C., to be called Roanoke Valley Lumber.
“Our model of vertical integration—owning and operating both the manufacturing facilities and the timberlands that supply them—sets us apart from most of our competitors and provides long-term stability for the company and certainty of supply for our clients,” said president and CEO Grady Mulbery. “We continuously look for ways to leverage and align our operational expertise with our resource ownership to maximize efficiency and meet customer expectations.”