Oklahoma Timberland Acquisition: The Molpus Woodlands Group Acquires 44,379 Acres in Oklahoma
January 29, 2007
Jackson, MS - The Molpus Woodlands Group, LLC, a timberland investment management organization, headquartered in Jackson, Mississippi, has completed the purchase of approximately 44,379 acres of timberland located in LeFlore and Pushmataha Counties in southeastern Oklahoma on behalf of an institutional investor. The transaction closed on January 25, 2007.
The Molpus Woodlands Group acquires and manages timberland as an investment vehicle for corporate and public retirement systems, insurance companies, university endowments, foundations and private investors. The company focuses on ensuring long-term optimum returns on investments and practicing responsible forest stewardship. This purchase increases the Molpus Woodlands Group's current acreage under management for clients to a total of 567,000 +/- acres located in seven states in the U. S. South.
"We are pleased to enter the Oklahoma timber market and create growth opportunities for our investors in this great state," said Dick Molpus, President of Molpus Woodlands Group.
The Molpus Woodlands Group has been actively involved in the timberland investment management business since 1996, and its affiliated company, The Molpus Company, has been in the timber business since 1905. MWG and its sister operating companies employ 60 people in their nine offices located in Mississippi, Alabama, Louisiana , Oklahoma and Texas.
Oklahoma Contact:
Ken Sewell, 601-545-3063 ext. 134
The Molpus Woodlands Group acquires 44,379 acres in Oklahoma
