The Molpus Woodlands Group, LLC (MWG), a timberland investment management organization, headquartered in Jackson, Mississippi has announced the successful purchase of 68,392 acres of timberland. The acreage is located in the Upper Peninsula of Michigan. This acquisition increases the company’s total acreage under management to approximately 734,000.

This achievement continues MWG’s inclusion of properties outside the southern United States. The acreage will be managed as a long-term timber investment on behalf of an institutional investor.

The package includes a variety of timber types, including sugar maple, red oak, yellow birch and red maple hardwoods, which complement the southern pine and hardwood acreage that the company has been managing on behalf of its clients since 1997.  MWG has been actively pursuing timberland investments in the Northeastern United States, the Great Lake States, and in Appalachia since early 2007.

Dick Molpus, President of Molpus Woodlands Group, stated, “We believe that this acquisition of this intensively-managed property is consistent with our client’s investment objectives, provides a great diversity of hardwood species and has beautiful natural features, which lends itself to recreational activities.”

The Molpus Company, an affiliated company of MWG, has been actively involved in the timber business since 1905 and specifically in the timberland investment management business since 1996.  MWG and its sister operating companies currently employ approximately 60 people with nine current offices across the South and the Appalachia region as well as additional offices being established in the northeastern United States.  The newly augmented timberlands will require additional office locations and an appropriate increase in company personnel to coincide with the respective closings.