Molpus acquires Southern timberland
The Molpus Woodlands Group, a timber investment management organization, has announced the acquisition of 91,360 acres of timberland in Texas, Arkansas and Louisiana from Anthony Forest Products for $173,150,000.
Under the terms of the agreement, Molpus, on behalf of a client, will provide a substantial portion of the premium saw timber under a long-term supply agreement to service Anthony's mills located in Urbana, Ark.; Atlanta, Texas; and Plain Dealing, La. Anthony manufactures lumber and engineered wood products for the building industry, as well as wood chips for the paper industry. Molpus will also continue the Sustainable Forestry Initiative (SFI) certification of the timberlands, which was achieved by Anthony.
Headquartered in Jackson, Miss., Molpus Woodlands Group is a family-owned company that began in 1905 as a mercantile store in Philadelphia, Miss., before becoming the Molpus Lumber Company. This latest acquisition increases Molpus' total acres under management to approximately 850,000 acres in eleven states.
Anthony Forest Products Co., headquartered in El Dorado, Ark., opened in 1916 and is currently in the fourth generation of the Anthony family. The company also operates engineered wood laminating plants in El Dorado, Ark., and Washington, Ga. Anthony Forest Products Company and Domtar, Inc. of Montreal, Canada jointly own and operate an I-Joist manufacturing plant in Sault Ste. Marie, Ontario.
