Timberland investment advisory adds 135,000 acres in Oregon, Washington. An affiliate of investment funds managed by the Campbell Group, a Portland, Ore.-based timberland investment advisory, has agreed to buy Menasha Forest Products Corporation (MFPC), a privately held real-estate investment trust that owns 138,000 acres of timberland in Oregon and Washington and several related businesses.

Pending shareholder approval, the transaction is expected to close next month. Terms of the deal weren't made public.

Ancillaries

"We are pleased to have the opportunity to acquire this portfolio of high-quality, productive timberlands," says John Gilleland, president of the Campbell Group.

James Janning, chairman of North Bend, Ore.-based MFPC says the deal "reflects a very attractive value for our company" and credits MFPC's CEO Tom Jackman and his team with having "done a tremendous job in conducting the process leading up to this transaction and in putting this deal together."

In addition to owning and managing timberland, MFPC subsidiaries conduct logging, reforestation, firefighting, and chopper service operations. In addition, MFPC Timberland Partners runs a program for mall- to mid-sized private timberland investors.

The Campbell Group manages timberlands in Oregon, Washington, California and the Southeastern U.S.

The Campbell Group last struck in July 2006 when it bought 87,000 acres of North Carolinian timberland from Memphis, Tenn.-based International Paper. -FWR

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