Roseburg Sells Piece Of Oregon Timberland
Roseburg Forest Products is selling 59,564 acres of timberland located in the South Umpqua region of Oregon to Chinook Forest Partners, a timberland investment management group, for an undisclosed amount.
Roseburg Senior Vice President of Resources Scott Folk comments, “Consistent with the execution of our strategic planning goals and objectives, we are selling this targeted subset of timberlands in South Umpqua to better align our timberland portfolio and help ensure that we have the right balance of long-term core properties. With the recent announcement of our coastal Oregon timberland acquisition and retention of a supply agreement with Chinook Forest Partners associated with the South Umpqua sale, we remain very well positioned to ensure that our Western manufacturing facilities will have a secure, sustainable supply of high quality logs and wood fiber for decades to come.”
Chinook Forest Partners Managing Partner Scott Marshall states that Chinook plans to continue Roseburg’s “legacy of thoughtful timberland management, while also applying our forward-focused approach to natural capital opportunities.”
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