By Adriano Marchese
Fiera Capital said it has acquired 6,650 acres of private timberlands in the U.S. as it looks to tap directly into its end market.
The Canadian independent asset management firm said that through its affiliate, Fiera Comox Partners, it acquired the estate in coastal Oregon, a key softwood producing region of mostly Douglas Fir.
Fiera Comox Chief Executive Antoine Bisson-McLernon said the acquisition provides geographic diversification and direct exposure to the U.S. end-product market.
No financial details were disclosed.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 28, 2025 07:46 ET (12:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。