Monday, November 16, 2009

Anthony Forest Products Sells 93,360 Acres

The pressure from low product demand and low selling prices continues to hammer the sawmills. Companies that have been long-term owners and managers of timberland are continuing to be forced to liquidate landholdings to stay in business. Anthony Forest Products is the most recent with the sale of 93,360 acres of conservatively managed timberland in Arkansas, Texas and Louisiana being sold to a client of the Molpus Woodlands Group for $173,150,000 or $1,895 per acre. There is a wood supply agreement between Anthony and the new owner as a part of the sale agreement.

The Molpus Woodlands Group continues to build itself into a stronger and well diversified TIMO (850,000 acres in 11 states). Read the entire news release here.

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