The Molpus Woodlands Group LLC, on behalf of its clients, has purchased approximately 173,000 acres of timberland in Alabama, Louisiana and Mississippi combined.
Molpus, headquartered in Mississippi, is a timberland investment management organization and dates its legacy back to 1905. It has Alabama offices in Bay Minette and Jasper.
Molpus states that these timberlands are strategically located in areas with diverse and numerous pulpwood, plywood and dimensional lumber facilities, mill proximity and growth potential. The land could be used to diversify income for its clients through solar projects, carbon capture and storage projects, recreation income or pine straw harvesting.
“As a long-time manager in Alabama, Louisiana and Mississippi, we are excited to add these forests to regions where we already have a strong presence,” said Terrell Winstead, president and CEO of Molpus. “It is our view that these properties provide our clients with positive exposure to areas with established histories of sustainable timber production as well as numerous impact and value add opportunities.”
Molpus will oversee the management of the timberlands including daily operations and plans to include these timberlands in its certification with the Sustainable Forestry Initiative forest management standard, which includes key measures to protect biodiversity, sustainable harvest levels, water quality, protection of at-risk species, wildlife habitat and regeneration.
