IKEA Group Acquires 25,000 Acre Forest in Alabama

IKEA Group
Cision Newswire
January 31, 2018
Category: Forestry
Region: United States, US East

CONSHOHOCKEN, Pa. — IKEA Group acquired its first U.S. forest property, covering approximately 25,000 acres in Lowndes County, Alabama. The investment in forestry is part of a broader strategy to invest in the sustainable production of resources that IKEA Group consumes directly, such as energy, or indirectly through its products (wood raw material, recycled materials, etc.). IKEA Group also owns more than 250,000 acres of forest land in Europe, located in Romania and the Baltic States. …This new acquisition is in addition to several other significant investments IKEA Group has recently made in the U.S., where they currently operate 47 stores and seven distribution centers.

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