Nelson: OFO deal details
Wednesday 3 Oct 2018OneFortyOne paid $US815 million (subject to adjustments in accordance with the sale and purchase agreement) to acquire Nelson Forests from Nelson Properties, which is 49 percent United States owned.
OneFortyOne’s purchase of Nelson Forests, which owns or controls more than 25,000 hectares of sensitive forestry land and the Kaituna Sawmill. It also holds forestry rights and Crown Forestry Licences for about 51,000 hectares.
OneFortyOne, which is 63.5 percent Australian-owned, has about 80,000 hectares of radiata pine forest in South Australia and Victoria, and a sawmill and wood chip operation.
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