Westervelt and CDPQ announce new strategic partnership focused on sustainable timberland, with acquisition in Georgia
About The Westervelt Company
The Westervelt Company, a privately held company headquartered in Tuscaloosa, Ala., was founded in 1884 and is currently under the fourth generation of family leadership. Westervelt is an industry leader in land management, wood products manufacturing and environmental mitigation. The company is recognized for excellence in sustainable forest management, responsibly sourced forest products and services, natural resource stewardship and ecosystem conservation. With more than half a million acres of land under Westervelt management, Westervelt’s diverse businesses all work together to ensure the sustainable stewardship of natural resources today, tomorrow and for many generations to come.
At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2021 CDPQ’s net assets total CAD 390 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.
About Superior Pine Products Company
Superior Pine Products Company is a multi-generational, family-owned business that owns and operates timberland in Georgia, Alabama, and South Carolina. With nearly 100 years of experience in forest innovation, Superior Pine remains dedicated to sustainably managing the land and forest to achieve value for all of its stakeholders, as well as the surrounding communities. Superior Pine is excited about utilizing this transaction to expand into other markets beyond its core holdings.
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For more information
Media contact +1 514 847-5493 [email protected]
Susan Poole, APRCorporate Marketing and Public Relations DirectorThe Westervelt Company205 562-5438
Scott GriffinPresident and CEOSuperior Pine Products Company912-637-5261