IKEA Continues U.S. Timberland Purchases
Ingka Investments, IKEA’s parent company, recently made two timberland acquisitions which nearly doubles its U.S. forestland portfolio. One purchase was in East Texas for 42,000 acres, following a deal for 18,000 forestland acres in southeast Oklahoma. IKEA’s U.S. forestry portfolio is now 125,000 acres.
Managing Director Krister Mattsson comments, “We are pleased to continue our forestland acquisitions in the U.S, as we see a good match between what the market has to offer and our high standards related to responsible forest management.”
IKEA has also purchased timberland in Alabama (25,000 acres in Lowndes County) and South Carolina (17,000 acres).
The retailer has 374 stores in 30 countries, including 47 stores in the U.S. with seven distribution centers.
For its forest management in the U.S., IKEA has partnered with Campbell Global, a leader in sustainable timberland and natural resource investment, to oversee and operate the property.
Latest News
Conifex Timber Buying Shuttered G-P Sawmill In Arkansas
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Conifex Timber Inc. of Vancouver, Canada, said Thursday that it is buying the former Georgia-Pacific sawmill south of El Dorado. The statement said Conifex has completed the purchase of the outstanding…
Hardwood Demand Indicator Sees Lumber Prices Firming
Hardwood Publishing has released its updated Leading Hardwood Demand Indicator (LHDI), a forecast of future demand for U.S. hardwood lumber based on residential and commercial construction, import/export trends, inflation levels, and job markets. The LHDI…
Developer Breaks Ground On All-Timber Office Building In Minnesota
Developer Hines has broken ground in Minneapolis’ North Loop on its all-timber office building, the first commercial property in the U.S. to use an engineered wood material for its interior and structure. The Houston-based real…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.