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
One Last Look At How Bad It Was In 2007-08
Many people tend to recall that the Great Recession began with the collapse of the Lehman Brothers financial firm in September 2008. But those of us associated with the forest products industry, and especially you…
Mills To Arizona And New Mexico Senators: Give Us More Timber
On the edge of what promises to be another hot, drought-fueled wildfire season, timber companies working under the U.S. Forest Service’s expiring 10-year White Mountain Stewardship Project are running short of wood. Eastern Arizona loggers…
Franklin Startup Brings Back Memories of New Sawmill
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Article by Rich Donnell, Editor-In-Chief, Timber Processing April 2014 We’ve been reading a lot about Canadian forest products companies buying southern pine sawmills. We haven’t read so much about U.S. independent…
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.