BOSTON, (November 11, 2008)—The Hancock Timber Resource Group today announced that it has closed on the acquisition of 114,000 acres of timberland and timber rights in Oregon.
Hancock Timber acquired the timberlands on behalf of its clients from Green Diamond Resource Company, a privately held company. Terms of the acquisition were not disclosed.
“We are very pleased to add these high quality, productive timberlands to our clients’ portfolios,” said Hancock Timber President and Chief Executive Officer Dan Christensen. “We believe they are an excellent addition to our holdings in the Pacific Northwest.”
“The timberlands, located near the coast in Northwestern Oregon, are populated largely with Douglas-fir and western hemlock. With the addition of these Oregon properties, Hancock Timber manages approximately 750,000 acres of timberland in California, Oregon and Washington.