Timberland ownership company CatchMark closes $43.3M acquisition

By CatchMark Timber Trust, Inc.
Wood Business
November 1, 2017
Category: Business & Politics
Region: US East

CatchMark Timber Trust, Inc. has acquired 14,923 acres of prime timberlands near the southeast coast of Georgia for $43.3 million, excluding closing costs.  The timberlands in Long and McIntosh counties, the Coastal Georgia Acquisition, expand CatchMark’s positioning in one of the most competitive wood baskets of the U.S. South, increasing its regional holdings by 36 per cent.  The acquisition includes 72 per cent pine plantations with stocking of 81 tons per acre. Approximately 92 per cent of the inventory volume is pine and 65 per cent of the inventory volume is chip-n-saw or sawtimber with an average pine plantation age of 19 years.

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