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ISP's calculations, because of the short haul distance, fixed the daily production of the entire operation at 8,000 to 10,000 tons of head material per day.
CatchMark said this acquisition will provide synergies in pricing power, haul distances and management, and meet CatchMark's objectives for continuing to establish its timberland portfolio.
Carolinas Midlands III timberlands also increase CatchMark's acreage in North Carolina and South Carolina from 17,600 to 69,300 acres, providing synergies in pricing power, haul distances, management and land sales.