CatchMark Timber Trust goes ahead with 36,340-acre deal
CatchMark Timber Trust, Inc. is moving forward with its purchase of 36,340 acres of timberland from Hancock Timber Resource Group, located in the Waycross-Panola properties of Southeast Georgia and East Texas.
CatchMark is also acquiring approximately 1.45 million tons of merchantable timber inventory and increasing the share of higher value chip-n-saw and sawtimber in its product mix. The inventory comprises 84% pine plantations by acreage and 54% sawtimber by tons.
All in all, the timberlands are expected to add approximately 180,000 to 200,000 tons per year to CatchMark’s harvest volumes over the next decade.
The $74 million deal was formally approved Thursday by the investment committee of Hancock Natural Resource Group. It’s slated for completion during the second quarter of this year, but it remains subject to customary closing conditions.
Scotts Miracle-Gro plants some seeds for spring
Scotts Miracle-Gro is ushering in the arrival of spring with some resources and products to help the nation’s lawns and gardens recover from the harsh winter, the company said.
“As a leader in lawn and garden care, the ‘polar vortex’ was certainly on our mind this winter season,” said John Sass, VP Miracle-Gro. “Many of our customers are worried about the damage the frigid temperatures might have caused to their garden or lawn. Miracle-Gro is dedicated to helping people get back in their gardens as quickly as possible so they can bring them back to life. Spring is our favorite time of year and we want to make it a productive season for everyone.”
Among the resources being rolled out by Scotts are GroSomethingGreater.com, an online portal where gardeners can share stories, tips and tricks.
Beyond Scotts Miracle-Gro’s traditional Twitter and Facebook page, it also has its own @LawnGardenHelp Twitter handle for speedy responses to lawn- and garden-related questions. The #SolarVortex handle will be the site of a larger conversation about how people are reviving their lawns.
Blount names a new SVP global sales & marketing
Blount International, Inc. has promoted David Gillrie to the position of SVP global sales & marketing for the Forestry, Lawn and Garden (FLAG) division.
Gillrie previously served as president of Blount’s Concrete Cutting and Finishing division and has been with the company since 2012.
"We appreciate the contributions Andy has made over the past two years, especially his leadership in setting the long-term strategy for FLAG, and we wish him well in his new endeavor," said Josh Collins, Blount’s chairman and CEO. "Dave’s sales and marketing expertise and proven leadership skills will benefit the FLAG division as we execute our strategic plan and related initiatives in the coming years."
Gillrie has also served as global general manager for Terex Corporation and VP business development at Ingersoll Rand.
He will replace Andrew York, who resigned to pursue other opportunities within the firearms industry.