Finance & results

FREY acquires two new forests and accelerates its zero carbon strategy

October 12th 2020 | 1 min

foret

A forestry group, FoREY®, was created and in June acquired its first forest of 104 hectares, situated in Côte d’Or, in Messigny-et-Vantoux.

Now, FoREY® is expanding its forestry land with the purchase of two more forests:

  • The Forest of Horte, covering 268 hectares in the department of Charente, near Angoulême. This forests contains a rich diversity of trees, including both hardwoods (mainly oak and beech) and softwoods (Douglas fir and Norway spruce).
  • The Forest of Wegschteidt, covering 148 hectares in the department of Haut-Rhin, near Mulhouse. This forest is situated in one of the best regions in France for forestry operations and offers a number of advantages. It has huge potential for valorising flora and fauna, with a rich variety of hardwoods in particular (spruce, larch, cedar and Douglas fir, in particular).

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