In packaging industry news, Eastwood Forests, a U.S.-based business, has completed the acquisition of approximately 20,580 acres (83.3 km2) of forestland spanning Virginia and West Virginia. This acquisition marks a strategic addition to the Climate Smart Forestry Fund portfolio.
The newly acquired property, known as the Big Timber Property, is strategically located in the heart of Appalachia, spanning Tazewell County, Virginia, and McDowell County, West Virginia. This latest transaction further bolsters Eastwood's ongoing momentum in fund deployment, following the recent closure of a deal for 92,000 acres in upstate New York earlier this month.
Alex Finkral, CEO of Eastwood Forests, commented on the significance of the acquisition, highlighting the company's expertise and experience in the Appalachian region. With a strong focus on forest management and wood products markets, Eastwood Forests is well-positioned to navigate the unique challenges and capitalize on the promising opportunities presented by these productive and diverse forests in the United States.
