The Molpus Woodlands Group completes acquisition of 195,000 acres

The Molpus Woodlands Group, LLC (MWG), a timberland investment management organization, headquartered in Jackson, Mississippi has announced the successful purchase of 195,000 acres of timberland. The acreage is located in five states as follows: New York, Pennsylvania, Kentucky, Tennessee and Alabama. This acquisition increases the company’s total acreage under management to 665,675.

These purchases mark the first acquisitions outside the southern United States for MWG. This acreage will be managed as a long-term timber investment on behalf of an institutional investor.

The package includes a variety of timber types, including Appalachian and Northern hardwoods, which will complement the southern pine acreage that the company has been managing since 1997. MWG has been actively pursuing timberland investments in the Northeastern United States, the Great Lake States, and in Appalachia since early 2007.

Dick Molpus, President of Molpus Woodlands Group, stated, “These timberland parcels are our first acquisitions outside the U. S. South. We try to fulfill our client’s objectives in their investment portfolios and this represents their desire to increase the diversity of their timberland by geography and species.”

The Molpus Company, an affiliated company of MWG, has been actively involved in the timber business since 1905 and specifically in the timberland investment management business since 1996. MWG and its sister operating companies currently employ 56 people with eight offices located across the Gulf South. The newly acquired timberlands will require additional office locations and an appropriate increase in company personnel to coincide with the respective closings.