OneFortyOne Plantations completed the acquisition of Nelson Forests for £593m.

OneFortyOne Plantations, a world-class sustainable forest grower and forest products company, completed the acquisition of Nelson Forests, a vertically-integrated plantation and mill business, owning more than 60,000 productive hectares of pine forests across Nelson and Marlborough, and the Kaituna Sawmill in Marlborough, from Nelson Properties, a portfolio company managed by Global Forest Partners, for £593m. “This acquisition reflects OFO’s intention to grow its business through investment in well managed forestry operations which have a focus on sustainable domestic processing and strong community partnerships. Located within New Zealand’s second largest domestic processing region, the acquisition of Nelson Forests is consistent with our growth strategy and highly complementary to our existing Australian operations,” Linda Sewell, OneFortyOne Plantation’s Chief Executive Officer.