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Roseburg Resources to sell 170,000 acres of timberland to Australian firm

Roseburg Resources Co. is selling 170,000 acres of timberland in Siskiyou and Shasta counties to an Australia management firm.

Roseburg has operations in three Northwest states, including a medium-density fiberboard plant in Medford, and four Southeast states. The buyer is New Forests, a $3 billion firm based in Sydney, Australia, with offices in San Francisco, Singapore and New Zealand. It manages more than 2 million acres of land and forests globally.

Roseburg CEO Grady Mulbery, who has led the company since Allyn Ford's retirement at the beginning of 2017, said the sale is part of a larger effort to expand Roseburg’s national footprint as it pursues strategic growth opportunities in regions with stable markets and strong demand for timber.

Last July, Roseburg announced it was building an engineered wood plant planned for Chester, S.C., then in September it closed on a deal to secure 158,000 acres of timberland in Virginia and North Carolina.

Roseburg acquired the former Sierra Pine medium-density fiberboard plant off North Pacific Highway for $60 million in September 2015. Medium-density fiberboard is produced with scraps and byproducts from Roseburg and other wood products operations here and throughout Southern Oregon, spokesperson Rebecca Taylor said.

Roseburg, founded by Kenneth Ford in 1936, has a wide range of operations. In 2016, it shifted corporate headquarters from Dillard to Springfield. Dillard remains its Western regional hub, while Eastern business is conducted out of Atlanta. The company maintains particleboard, specialty panels, lumber, softwood, wood pellet and chip operations in southwest Oregon.

The sale is expected to close in early 2018. Roseburg Forest Products will retain ownership of its veneer facility in Weed, California.

— Reach reporter Greg Stiles at 541-776-4463 or business@mailtribune.com. Follow him on Twitter at www.twitter.com/GregMTBusiness, on Facebook at www.facebook.com/greg.stiles.31.