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IKEA Continues U.S. Timberland Purchases

Ingka Investments, IKEA’s parent company, recently made two timberland acquisitions which nearly doubles its U.S. forestland portfolio. One purchase was in East Texas for 42,000 acres, following a deal for 18,000 forestland acres in southeast Oklahoma. IKEA’s U.S. forestry portfolio is now 125,000 acres.

Managing Director Krister Mattsson comments, “We are pleased to continue our forestland acquisitions in the U.S, as we see a good match between what the market has to offer and our high standards related to responsible forest management.”

IKEA has also purchased timberland in Alabama (25,000 acres in Lowndes County) and South Carolina (17,000 acres).

The retailer has 374 stores in 30 countries, including 47 stores in the U.S. with seven distribution centers.

For its forest management in the U.S., IKEA has partnered with Campbell Global, a leader in sustainable timberland and natural resource investment, to oversee and operate the property.

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Remembrances Every Five Years

Always one to have fun with numbers, let’s have some fun now. You’ll notice that this issue marks the 46th time Timber Processing has published the Annual Lumbermen’s Buying Guide. That means the first one was published in 1979. So, beginning with 1979, and in five-year intervals, here are some tidbits that were also published in the Buying Guide in those respective years.

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