Glatfelter is selling at least 60,000 acres of the remaining 80,000 acres of timberland. LandVest appears to be marketing the tracts. The Conservation Fund has reportedly committed to purchase some of the land and is looking at more. According to Glatfelter CEO Jacunski, "These are generally properties that have appreciated well beyond the value of the timber," Read the news article.
There is an interesting article documenting the change in International Paper's divestitures (timberland, wood products division, four North American mills shut down, 25,000 fewer employees) and new marketing areas of emphasis (products, that is) in Forbes. It provides a little insight into the CEO and the new strategy. It provides a lot of insight into IP's new geography. Read article. --Brian