The Hancock Timber Resource Group has closed on the acquisition of approximately 25,000 acres of timberlands in Alabama from Rayonier Inc. The investment follows the company’s purchase of 37,000 acres of timberlands in Mississippi and Alabama from Rayonier in late 2016. The land is stocked with southern pine plantations and hardwoods which will be managed by Hancock Forest Management, the organization’s property management group. Hancock Timber has 1.8 million acres in the US South and almost six million acres globally. Terms of the purchase were not disclosed.
“We are very pleased to secure additional high quality timberlands for our clients,” said Hancock Timber Resource Group President Brent Keefer. “These properties are located in an area of the US South with deep and diverse markets for forest products.” He said the wood would be used to supply its markets in southern Alabama, western Georgia, and northern Florida.
