The company also has a long-standing policy of using no wood from endangered forests. Some will continue to manage the lands under the new ownership. Other Assets and Forestlands International Paper is still exploring the sale of approximatelyacres, principally in New York.
TimberStar combines proven expertise in timberland investment and operations with the significant financial resources of a multi-billion-dollar publicly traded specialty finance company. During this time, in a historic agreement, International Paper, The Conservation Fund and The Nature Conservancy worked together to protectacres of forestlands across 10 states in the largest private land conservation sale in the history of the U.
International Paper Agrees to Sell 5. As we transition much of our forestland to new ownership, we continue to demonstrate our commitment to sustainable forestry and environmental conservation.
The agreements we have negotiated will ensure this fiber will continue to come from sustainably managed forestlands.
In addition to a premier forestland portfolio, we saw a lot of leadership and talent among the professional foresters who have managed these lands.
The park blends accessible recreation, conservation and education within working forests and is the first wilderness area with facilities specially designed to accommodate people with disabilities. The gain on these sales will be dependent upon the final amount of proceeds and costs at closing, with the timing of gain recognition to be determined by the accounting treatment of the forestland sales transactions and the fiber supply agreements.
These forestlands will also continue to be managed and third-party certified under the requirements of the SFI Standard. We are committed to making high-quality products from sustainable sources, which is why our industry continues to plant about 1. IP businesses include paper, packaging and forest products.
The sale of the U. In addition, the agreements we have negotiated ensure the lands will be sustainably managed and we will have no interruptions in this important segment of our supply chain. The company expects to communicate details of its plans for returning value to shareowners by the end of July Over the past decade, we have protected about 1.
We are confident that this will be a strong and mutually beneficial relationship between International Paper and TimberStar.
We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. RMS is based in Birmingham, Ala. Inwe planted our 7 millionth acre of forestland in the U. Much of these lands remain as working forests, allowing the sustainable harvest of timber while continuing the protection of sensitive areas.
IP today announced definitive agreements with two separate investor groups under which it will sell a total of approximately 5. The area of land we have replanted in that time is equivalent to the size of the state of Massachusetts.
This transaction, with its combination of prime forestlands and significant, long-term supply agreements, diversifies and extends the TimberStar franchise into the epicenter of one of the most sought after regions of the U. As one of the largest private landowners in the world, IP professional foresters and wildlife biologists manage its forests with great care in compliance with the rigorous standards of the Sustainable Forestry Initiative R program.
The SFI R program is an independent forest certification system that ensures the perpetual planting, growing and harvesting of trees while protecting biodiversity, wildlife, plants, soil, water and air quality."This sale will substantially complete the monetization of our forest land and realty holdings," said Dave Liebetreu, International Paper's vice president, global sourcing and forest resources.
"The transaction represents good value in this economic environment and allows us to participate in the upside potential as the real estate market. International Paper locations for sale and lease and other International Paper commercial property information.
International Paper is a current or former tenant or owner of the following properties. The sale of forestlands is part of International Paper's previously announced transformation plan to focus on uncoated papers and industrial and consumer packaging.
Nov 10, · The entire northwest quarter of the county is open for homesteading now that International Paper has sold developers 50, acres.A land rush is on. Smaller developers are anxious to buy and. International Paper Company locations for sale and lease and other International Paper Company commercial property information.
International Paper Company is a current or former tenant or owner of the following properties. International Paper Co, Shelby County, Tennessee: Browse Thousands of Acres of Land for Sale in International Paper Co, Shelby County, Tennessee.Download