Roseburg Forest Products Acquires 30,000 Acres of Land in the Southern U.S.
Roseburg Forest Products announced the acquisition of approximately 30,000 acres of forest in the southern United States from Forest Investment Associates.
The holdings, which are well-managed loblolly pine plantations, are located in the northeast part of North Carolina and the southeast region of Virginia.
Following a 2017 transaction, Roseburg Forest Products already owns 158,000 acres of forest in the Roanoke Valley.
“The addition of these high-quality properties to our existing Roanoke Tree Farm allows us to add more scale and operational efficiency to our southeastern timber operations,” Scott Folk, Senior Vice President of Resources at Roseburg Forest Products, stated.
Roseburg Forest Products announced plans to build a new, high-capacity sawmill in nearby Weldon, North Carolina, on July 1, 2021.
Roanoke Valley Lumber is the name of the sawmill.
“Our model of vertical integration — owning and operating both the manufacturing facilities and the timberlands that supply them — sets us apart from most of our competitors and provides long-term stability for the company and certainty of supply for our clients,” RGrady Mulbery, President and CEO of oseburg, said.
“We continuously look for ways to leverage and align our operational expertise with our resource ownership to maximize efficiency and meet customer expectations.”
Roseburg Forest Products, based in Springfield, is a privately held company that is a leading manufacturer of particleboard, medium density fiberboard, and thermally bonded laminates in the United States. Softwood and hardwood plywood, lumber, LVL, and I-joists are also manufactured by the company.
The company has seven various wood-related plants in Oregon, including five in Douglas County and a wood chip terminal in Coos Bay.
Roseburg Forest Products employs about 2,200 people in Oregon, with about 1,600 of those employees in Douglas County, company spokesperson Rebecca Taylor said.
Roseburg Forest Products owns and manages more than 600,000 acres of timberland in Oregon, North Carolina and Virginia, with the bulk of that land — about 400,000 acres, located in Douglas County.