Roseburg Forest Products acquires wide swath of timberlands

Roseburg Resources Co., the land management subsidiary of Roseburg Forest Products, has acquired 158,000 acres of investment-grade timberland in North Carolina and Virginia from timberland Forest Investment Associates, a timberland investment management firm based in Atlanta.

According to terms of the acquisition, Roseburg has purchased timberlands located within the coastal region of North Carolina and southeastern Virginia. Prior to the purchase, completed on Sept. 28, Roseburg owned and managed 630,000 acres of timberlands in California and Oregon — primarily Douglas fir. 

“The property is an accretive addition to Roseburg’s Western-based timberland portfolio, with close proximity to broad, stable markets,” Roseburg SVP of resources Scott Folk said in a statement issued by the privately-held forest products giant. “With an attractive age class distribution and above-average site productivity, the property represents significant long-term value for the company, as Roseburg seeks to diversify and grow its timber holdings.”

“This acquisition advances Roseburg’s planned expansion into the southeastern United States, where steady housing starts and healthy markets create stable demand for high-quality timber,” Roseburg CEO Grady Mulbery added. “The region’s welcoming business environment and potential for growth also factored into our decision to add the property to our portfolio.”

Based in Dillard, Ore., Roseburg Forest Products has more than 3,000 employees in more than 80 markets across the United States.