Targus forestry assets have been acquired by UPM Forestal Uruguay
A group of investment funds managed by The Rohatyn Group have sold 15,100 hectares of pine and eucalyptus forests to UPM Forestal Uruguay.
Targus forestry assets consist of approximately 21,600 hectares (over 50,000 acres) of high quality and mature pine and eucalyptus forests in Tacuarembó and Rivera in the northern region of Uruguay.
Founded in 1990, UPM Forestal Uruguay operates in Uruguay as a leading forestry and timber supply company, promoting the sector and generating qualified employment in the less populated areas of the country.
Oaklins’ team in Argentina advised the sellers and coordinated the whole M&A transaction.
Talk to the deal team
Related deals
Lumiforte partners with Kartesia to propel global growth and innovation
Lumiforte, a global leader in innovative smart coatings for greenhouse horticulture, sports line-marking and other functional coatings for agriculture and industry, is excited to announce an investment from Kartesia, a European specialist in capital solutions for small and medium-sized companies. Horticoop, a longstanding shareholder of Lumiforte and a key player in the horticultural industry through its investment cooperative, continues to remain a shareholder.
Learn morePlant Health Care plc has been acquired by PI Industries Ltd.
India’s agrichemical business PI Industries has acquired UK-listed Plant Health Care, a specialist in protein and peptide technology for agricultural applications.
Learn morePagter Innovations has been acquired by a private investor
Pagter Innovations, a Netherlands-based company specializing in the development and sale of sustainable packaging concepts and displays for cut flowers in water, has been acquired by a private investor.
Learn more