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GreenWood Resources Announces Acquisition of Boardman, Oregon, Poplar Tree Farm From Potlatch Corp and Construction of a New Sawmill

Tue, 05/15/2007

May 15, 2007: Portland, OR

GreenWood Tree Farm Fund L.P. (GTFF) today completed the acquisition from Potlatch Co. (NYSE: PCH) of a 17,000 acre hybrid poplar tree farm near Boardman, OR for $65 million. GTFF is a private equity fund organized to acquire, develop and intensively manage fastgrowing tree farms in North America, and to manufacture and market Forest Stewardship Council (FSC) certified products from these tree farms. GTFF is managed by GreenWood Resources of Portland, OR; International Forestry Investment Advisors, LLC of Cambridge, MA, and Malkin & Co. of New York City, NY. The Collins Companies of Portland OR will construct and manage on behalf of GTFF a $35 million lumber mill in the Boardman area, and will market a line of fast-growing tree farm products under the trademark “Pacific Albus”. Construction on the mill is expected to begin in the third quarter, and operations are expected to commence in second quarter of 2008. Once fully operating, the tree farms, harvesting, and mill operations are expected to employ more than 150 people.

“This acquisition is the beginning of a new venture to capitalize on a unique combination of leading-edge sustainable tree farm technologies, advanced manufacturing techniques and world-class environmental certification here in Oregon” said Jeff Nuss, President/CEO and founder of GreenWood Resources. About GreenWood Resources, Inc.

GreenWood Resources specializes in technologically advanced hardwood tree farm management in North America, South America and China. To support this business, GreenWood Resources maintains a world-class tree improvement and nursery business providing superior plant material for tree farms under management. (

About IFIA

IFIA develops and implements innovative, socially responsible timberland investment strategies for sophisticated investors. (

About Malkin & Co.

Malkin & Co. and its affiliates have invested and built companies in the agriculture and agbio sectors for over 25 years. Among current positions is CellFor the leading reforestation germplasm company.

About The Collins Companies

The Collins Companies is a leader in the manufacturing and sales of FSC products and has over a 150 year legacy rooted in the relentless pursuit of innovative and sustainable utilization and applications of softwood and hardwood renewable resources. (

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