2019
September 16, 2019
Affiliates of The Lyme Timber Company LP to acquire 555,000 acres of timberland in Michigan
The property is located in the Upper Peninsula of Michigan and will be managed for sustainable timber production by Lyme Great Lakes Forest Company LLC.
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August 30, 2019
Lyme closes on New Markets Tax Credit financing to introduce winch-assist harvesting technology in West Virginia
In August 2019, a Lyme affiliate closed on a $5 million New Markets Tax Credit (NMTC) financing, facilitated by an NMTC allocation from AMCREF Community Capital, to establish Mountaineer Mechanized, a new logging business that will introduce winch-assist harvesting technology in Southern West Virginia where Lyme owns approximately 163,500 acres of timberland.
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August 30, 2019
Affiliate of The Lyme Timber Company LP acquires a wetland mitigation bank in Polk County, Florida
The property is adjacent to the Hilochee Wildlife Management Area and is designated by the State of Florida as a Green Swamp Area of Critical State Concern.
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2018
December 15, 2018
Affiliates of The Lyme Timber Company LP acquire approximately 42,500 additional acres of Appalachian timberland in Tennessee
The property, known as Brimstone, is proximate to lands owned by other affiliates of The Lyme Timber Company LP, and it will be managed with those lands by Straight Fork Forest Management for sustainable timber production.
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December 15, 2018
Affiliates of The Lyme Timber Company LP make a significant minority investment in the Emporium Hardwoods sawmill in Emporium, Pennsylvania
Historically, the mill procured timber from the lands we now own, and now Emporium Hardwoods is a customer for logs from our approximately 67,500-acre timberland ownership in the region.
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December 14, 2018
Conservation Easement on 19,225 Acres of Lyme’s Florida Timberlands Approved for Purchase by the State
The easement, resulting from a collaboration between the Florida Department of Environmental Protection, The Conservation Fund, and Lyme, will permanently protect lands within the Lower Suwannee River and Gulf Watershed and provide habitat and corridors for rare plants and animals. It allows for the lands to continue to be harvested for timber production, contributing to the local economy.
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July 31, 2018
Lyme closes on $50 million in financing from PENNVEST, providing clean water benefits to local communities
On July 31, 2018, a Lyme affiliate closed on $50 million financing with PENNVEST for land purchases in northwest Pennsylvania that support the local forest products industry and provide clean water benefits to nearby communities by protecting important watersheds.
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July 13, 2018
Lyme acquires 15,000 additional acres of timberland in Pennsylvania
A Lyme affiliate’s purchase of 15,000 acres of additional timberland in Pennsylvania from affiliates of Hancock Timber Resource Group brings Lyme’s total investment in the region to 67,500 acres.
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June 29, 2018
Lyme acquires 9,500 acres of coastal wetland in Texas for conservation and mitigation
On June 29, 2018, a Lyme affiliate acquired 9,500 acres in Brazoria and Galveston Counties, Texas.
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June 29, 2018
Lyme closes on New Markets Tax Credit financing for its 163,500-acre timberland purchase in West Virginia, providing jobs and contributing to economic development
A Lyme affiliate closed on a $20 million New Markets Tax Credit (“NMTC”) financing, facilitated by an NMTC allocation from CEI Capital Management LLC (“CEI”), to refinance its acquisition of 163,500 acres of timberland in West Virginia.
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