Molpus Woodlands expands in New York

The Molpus Woodlands Group has made another purchase -- this time, a 112,238-acre lot in upstate New York.

The new timberland purchase is located in the north-central Adirondack Park vicinity and spans across three counties. It has been in timber production for over a century and specializes in hardwood sawtimber and pulpwood.

“We are pleased to expand our existing operations in upstate New York,” said Ken Sewell, COO of Molpus Timberlands Management. “We will use our existing expertise in this region to practice high-quality stewardship with particular attention to conserving resources and the diversity of the forest.”

Molpus will be overseeing the new purchase, as well as an additional 161,000 acres, from its Saranac Lake, New York, office.

The Molpus Woodlands Group is a timberland investment management organization based in Jackson, Mississippi. It manages about 1,650,000 acres valued in excess of $1.5 billion.