Chunk Of Timberland Sold In U.S. South
Ontario Teachers’ Pension Plan Board’s Tamarack Timberlands LLC, an investment vehicle owned by Ontario Teachers, has assumed ownership of 870,000 acres of timberland in the U.S. South from Resource Management Service (RMS).
The large-scale timberland portfolio of high-quality loblolly pine is spread throughout the U.S. South and is third-party certified to the Sustainable Forestry Initiative standards. The timberland portfolio provides significant diversification benefits to Ontario Teachers, including diversity of locations, customers and tree age classes.
The transaction gives Tamarack Timberlands LLC full control and governance of the assets. RMS, one of the world’s largest providers of timberland investment services, will continue to act as the timberland investment manager for the asset.
The timberland will continue to be operated using best-in-class management practices to ensure the sustainability of the forest over a long-term horizon, and to preserve the ecosystems and biodiversity of the forest.
Latest News
Endowment Welcomes New Board Members
U.S. Endowment for Forestry and Communities announces that Fritz Mason, Paul Hossain and Anna Torma were elected as new directors at the organization’s fall board meeting. “Drawing upon diverse backgrounds, they each bring a distinctive perspective and unique vision. We look forward to collaborating with them to further the mission of the Endowment,” comments Pete Madden, President and CEO of the Endowment…
Kadant Completes Key Knife Acquisition
Kadant Inc. has completed its previously announced acquisition of Key Knife, Inc. and some of its affiliates for approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant’s revolving credit facility. Key Knife, a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries, is headquartered in Tualatin, Ore. with…
The Luck Of The Irish
Article by Jessica Johnson, Senior Editor, Timber Processing, November 2023 – Earlier this fall, I had the privilege of heading to Ireland to see the sights, enjoy the scenes and. . .do a little work while I was at it. My second work trip to the Emerald Isle did not disappoint.
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.