The Campbell Group Signs Agreement to Purchase 140,000 Acres of Timberland with Weyerhaeuser
PORTLAND, Ore. - August 13, 2009 - The Campbell Group LLC, a Portland, Oregon-based timber investment management firm, today announced it has signed a definitive agreement, on behalf of an affiliated entity, to purchase from Weyerhaeuser Company (NYSE: WY) approximately 140,000 acres of timberland located primarily in Clatsop County, in northwestern Oregon.
John Gilleland, president of The Campbell Group, said, "The Campbell Group is very pleased to begin management of this high quality forest on behalf of our clients. The timberlands are located in one of the most productive timber growing areas of the Pacific Northwest and have a long history of investment and improvement. The holdings are strategically situated in relation to our client investment objectives, with excellent access to markets and deep infrastructure to support a sustainable forest products industry. Our professionals will manage the forest over the long term using sound stewardship and forest management practices."
Morrison & Foerster LLP and Schwabe, Williamson & Wyatt served as legal advisors to The Campbell Group in connection with the transaction.
The Campbell Group, LLC (www.campbellgroup.com) is a full-service timberland investment management company headquartered in Portland, Oregon. The company is focused exclusively on acquiring and managing high quality, investment grade forestland on behalf of institutional investors to produce superior risk-adjusted returns.
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Contact: Angie Davis
The Campbell Group, LLC
One SW Columbia, Suite 1700
Portland, Oregon 97258 USA