Roseburg has completed the purchase of approximately 30,000 acres of timberlands in the southern United States from Forest Investment Associates (FIA). The properties are located in the northeast region of North Carolina and the southeast region of Virginia, and consist of “well-managed loblolly pine plantations,” according to Roseburg.
Roseburg already owns approximately 158,000 acres of timberland in the Roanoke Valley, following a 2017 acquisition.
“The addition of these high-quality properties to our existing Roanoke Tree Farm allows us to add more scale and operational efficiency to our southeastern timber operations,” Roseburg senior vice president of resources Scott Folk said in a prepared statement.
The acquisition follows Roseburg’s announcement in July that the company plans to build a high-capacity sawmill in Weldon, N.C. The Weldon facility will be called Roanoke Valley Lumber.
“Our model of vertical integration -- owning and operating both the manufacturing facilities and the timberlands that supply them -- sets us apart from most of our competitors and provides long-term stability for the company and certainty of supply for our clients,” Roseburg president and CEO Grady Mulbery said. “We continuously look for ways to leverage and align our operational expertise with our resource ownership to maximize efficiency and meet customer expectations.”
Springfield, Ore.-based Roseburg manufactures softwood and hardwood plywood, lumber, LVL, I-joists, particleboards, and laminates. The privately-owned company owns and manages more than 600,000 acres of timberland in Oregon, North Carolina, and Virginia. Roseburg currently has 14 manufacturing facilities in North America, including a short lumber stud mill in Dillard, Ore.