Roseburg announced on Wednesday (10-13-21) that it has completed the purchase of approximately 30,000 acres of timberland in the southern U.S. from Forest Investment Associates (FIA). The properties are located in the northeast region of North Carolina and the southeast region of Virginia, and they consist of well-managed loblolly pine plantations.
Roseburg already owns 158,000 acres of timberland in the Roanoke Valley, following a 2017 acquisition.
The most recent acquisition follows the July 1, 2021 announcement of Roseburg’s plan to build a new, high-capacity sawmill in nearby Weldon, North Carolina to be called Roanoke Valley Lumber.
In commenting about the purchase, Roseburg Senior Vice President of Resources Scott Folk said, “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.”
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Roseburg completes purchase of 30,000 acres of Southern U.S. Timberland