Roseburg completes sale of its California timberlands

Source:
Roseburg/Fordaq
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Roseburg Resources Co. announced that it has completed the previously announced sale of its California timberlands to Shasta Cascade Timberlands, a new company formed by New Forests.

The transaction includes approximately 170,000 acres of investment-grade timberland in northern California, largely in Siskiyou and Shasta counties.

“Shasta Cascade Timberlands is acquiring a very well-managed, high-quality tree farm, and will benefit from the services of a team of highly skilled professional employees,” said Scott Folk, Roseburg’s Senior Vice President of Resources. “I want to thank the employees of our California resource group for continuing to work safely through the sale process and for their significant contributions to Roseburg over the years.”

Roseburg Forest Products will continue to own and operate its veneer facility located in Weed, California.

Roseburg is a wood products company headquartered in Springfield, Oregon, USA. Since 1936 the company manufactures and markets wood products. Roseburgs product porfolio includes lumber, plywood, decorative laminate, wood pellets, and other value-added panel products.

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