Hancock Natural Resource Group (HNRG), a company of Manulife Investment Management, through its affiliate Sempre Verde Florestas e Agricultura Ltda., recently acquired 12,874 hectares of eucalyptus plantations in Mato Grosso do Sul, Brazil, from AMATA, through its subsidiary APE1 Plantio de Floresta Exotica S.A. (APE1).
The acquisition is in keeping with Manulife Investment Management's priority to strategically invest in private markets assets across timber, agriculture, infrastructure, real estate, private equity and credit.
AMATA established these plantations beginning in 2012 to supply the growing demand from the bleached eucalyptus kraft pulp mills which are proximal to the timberlands. Since that time AMATA has provided state-of-the-art technology to grow and maintain the forests, which has resulted in top-quartile plantations for the region.
"We are pleased to announce this transaction and very happy to return to managing assets in Brazil," said Bill
