Campbell Global Acquires Oregon Timberland From Weyerhaeuser
The Timber Investment Management Organization (TIMO), Campbell Global LLC, announced in November it acquired 28,200 acres of timberland from Weyerhaeuser in Oregon’s North Coast and Willamette Valley. Campbell CEO, Angela Davis said “We are pleased to be adding some of the highest quality forestland in the world, and this transaction demonstrates our team’s ability to acquire top-tier properties on behalf of our investors.”
Portland-based Campbell Global, founded four decades ago, is a worldwide timberland investment manager of J.P. Morgan Asset Management. Campbell manages five million acres for pension funds, foundations, and institutional investors. It oversees $10.1 billion in assets, 1.4 million acres, with 150 employees. J.P. Morgan Asset Management has assets under management of $4 trillion.
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Northeast Loggers Group Expands
Officials with longtime loggers trade association, The Professional Logging Contractors of Maine, recently announced that the organization has rebranded as the Professional Logging Contractors of the Northeast, and has opened eligibility to contractors in Vermont. The PLC of the Northeast has been representing loggers since 1995, and the move reflects finding opportunity in a rapidly changing industry, says Executive Director Dana Doran…
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