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Companies in the timber industry / Daily News / Global Trends / Forestry / Furniture / Wood Products / Europe / Global / North America
January 19, 2021

IKEA’s parent company buys forestland in US

IKEA’s parent company buys forestland in US
Ingka Group, the parent company of IKEA, has announced it has acquired forestland property in the U.S. from The Conservation Fund, a non-profit conservation organization that has protected over 8 million acres of land in the U.S.    The property is located in southeast Georgia near the Altamaha River Basin and consists of approximately 4,386 hectares (10,840 acres). The forestland was sold to Ingka Group due to the company’s proven responsible forest management and will be managed by Ingka Investments, the investment arm of Ingka Group.    “We ...

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