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.
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