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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West Fraser To Sell Two Pulp Mills
West Fraser Timber Co. Ltd. and Atlas Holdings have announced the signing of a definitive agreement for the sale of West Fraser’s Quesnel River Pulp mill in Quesnel, British Columbia and its Slave Lake Pulp mill in Slave Lake, Alberta to Atlas. Atlas owns and operates several pulp, paper and wood products businesses in Canada and the U.S. The agreement includes related woodlands operations and timber holdings in Alberta and a long-term fiber supply agreement for the Quesnel facility…
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