Local News

IKEA is Buying Up Thousands of East Texas Forestland Acres

By  | 

We hate spam too, we'll never share your email address



Ingka Investments, IKEA’s parent company, recently made two land acquisitions which nearly doubles its U.S. forestland portfolio. One such purchase was made in East Texas’ Piney Woods for 42,000 acres, following a deal for 18,000 forestland acres in Southeast Oklahoma.

In a statement from the Managing Director, Krister Mattsson, the company told dallasnews.com, “We are pleased to continue our forestland acquisitions in the U.S, as we see a good match between what the market has to offer and our high standards related to responsible forest management. The proximity to our current ownership also makes this an efficient addition to our current holdings.”

IKEA is Buying Up Thousands of East Texas Forestland Acres

Photo: Instagram/momminwithmaddie

Prior to this, 64,000 acres, encompassing a number of states was held by Ingka Group. The IKEA parent company now owns over a half-million forestland acres throughout America and Europe. In approximately 2015, IKEA began purchasing such lots with the intention of developing a sustainable wood source for its furniture. This practice has met with some controversy in other countries when conservationists took issue with IKEA touting these practices as efforts to grow more self-sustainable and be a responsible environmental steward.

IKEA is Buying Up Thousands of East Texas Forestland Acres

Photo: Instagram/myetx

“We are committed to manage our forests in a sustainable way, with proper care for people and environment, and at the same meeting our business objectives,” Mattsson told dallasnews.com. The Piney Woods plays host to much of the commercial wood processing industry in Texas. Close to 12 million acres of forestland in that area is considered commercial. Likewise, it’s home to four National Forests and over a dozen state parks. IKEA has 374 stores around the world, including two in North Texas.

What do you think of IKEA’s plan for these Texas woodland acres? Is it a good idea, or do you have resevations about the company’s policy? Let us know! We want to hear all about your thoughts on the subject.