October 13, 2021 9:30 a.m.  

Roseburg Forest Products has announced that it has completed the purchase of approximately 30,000 acres of timberland in the southern United States from Forest Investment Associates.

A release said the properties are located in the northeast region of North Carolina and the southeast region of Virginia, and consist of well-managed loblolly pine plantations. Roseburg already owns 158,000 acres of timberland in the Roanoke Valley, following a 2017 acquisition.

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”.

The release said the most recent acquisition follows the July announcement about Roseburg’s plan to build a new, high-capacity sawmill in nearby Weldon, North Carolina.

Roseburg President and CEO Grady Mulbery said “Our model of vertical integration – owning and operating both the manufacturing facilities and the timberlands that supply them – sets us apart from most of our competitors and provides long-term stability for the company and certainty of supply for our clients”. Mulbery said Roseburg continuously looks for ways to leverage and align its operational expertise with its resource ownership to maximize efficiency and meet customer expectations.