RNS Number : 9938X
Cambium Global Timberland Limited
01 July 2008
1 July 2008
Cambium Purchases Florida and Georgia Timber Lands
Jersey - The Directors of Cambium Global Timberland Limited are pleased to announce
Cambium has purchased 29,900 acres of timberland for
approximately 44,000,000 USD (22,000,000 GBP equivalent).
The property is located in Northwestern Florida and Southwestern Georgia. The property
consists of professionally managed diverse pine
plantations that possess a well structured array of age classes allowing immediate harvest
income. Marketable products include saw-timber
and pulp, which can be sold into healthy forest products markets that exist in this geography.The property also generates revenue from
hunting leases.
Cambium will continue to professionally manage the timber on an ongoing sustainable basis
while also actively working to monetize values
associated with emerging environmental markets.
The project will be managed on a day to day basis by RMK Timberland Group.
For More Information:
CP Cogent Asset Management
Rich Standeven / Matt Haertzen
+1 214 871 5400
Landsbanki Securities
Paul Fincham / Jonathan Becher
+44 (0)207 426 9000
This information is provided by RNS
The company news service from the London Stock Exchange
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