Hearst Acquires 20,000 Acres of Sustainably Managed Timberlands in Siskiyou and Shasta Counties, California

Hearst and Manulife Investment Management today announced the completion of a sale to Hearst of approximately 20,000 acres of sustainably managed forests in Northern California.

The forests, which are centered around McCloud, California, have a rich history of industrial forest management dating back to the initial settlement of the town of McCloud in 1897. These mixed species forests have long since been a source of raw material for many of the region’s forest products facilities and in doing so contribute positively to the economy of the area. Manulife Investment Management had been managing these forests on behalf of their investors since 1991.

The forests will be added to Hearst’s current timberland ownership of 62,000 acres in the same area operated by Hearst Forests LLC, a subsidiary of Hearst. Hearst owns and sustainably manages a total of 238,000 acres of timber and ranch land in California, including the Hearst Ranch at San Simeon, the Jack Ranch and Hearst Forests in McCloud.
more at: https://www.hearst.com/-/hearst-acquires-20-000-acres-of-sustainably-managed-timberlands-in-siskiyou-and-shasta-counties-california-from-manulife-investment-management

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