Mendocino Redwood Company
Encyclopedia
The Mendocino Redwood Company, officially abbreviated as MRC, is a California
based forest product
s company. With holdings of over 228800 acres (925.9 km²), primarily in Mendocino County
, this relatively new timber company owns and manages ten percent of the county's private land. Founded in 1998, the company is mostly owned by the Fisher Family
, founders of Gap Clothing
.
Following a July 29, 2008 "Final Order" order from the US Bankruptcy Judge Richard Schmidt, the way cleared for MRC to take control of the once storied, then vilified, and, finally, bankrupt Pacific Lumber Company
in Humboldt County, California
from Maxxam Inc. of Texas. The final dispensation of the bankruptcy, ongoing since January 2007 began the transfer of PALCO's giant buildings, mill, and 210000 acres (849.8 km²) of Humboldt forest to MRC. The company town of Scotia
and other properties are being transferred to Marathon Structured Finance.
The consolidation of Pacific Lumber Company (PALCO) and subsidiaries is under the new name of Humboldt Redwood Company, which began operations ostensibly with a more conservative harvesting model that eliminates clearcutting
and most old-growth redwood cutting.
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
based forest product
Forest product
A forest product is any material derived from a forest for commercial use, such as lumber, paper, or forage for livestock. Wood, by far the dominant commercial forest product, is used for many industrial purposes, such as the finished structural materials used for the construction of buildings, or...
s company. With holdings of over 228800 acres (925.9 km²), primarily in Mendocino County
Mendocino County, California
Mendocino County is a county located on the north coast of the U.S. state of California, north of the greater San Francisco Bay Area and west of the Central Valley. As of the 2010 census, the population was 87,841, up from 86,265 at the 2000 census...
, this relatively new timber company owns and manages ten percent of the county's private land. Founded in 1998, the company is mostly owned by the Fisher Family
Donald Fisher
Donald George Fisher was an American businessman who founded The Gap clothing stores.-Personal history:...
, founders of Gap Clothing
Gap (clothing retailer)
The Gap, Inc. is an American clothing and accessories retailer based in San Francisco, California, and founded in 1969 by Donald G. Fisher and Doris F. Fisher. The company has five primary brands: the namesake Gap banner, Banana Republic, Old Navy, Piperlime and Athleta. As of September 2008,...
.
Following a July 29, 2008 "Final Order" order from the US Bankruptcy Judge Richard Schmidt, the way cleared for MRC to take control of the once storied, then vilified, and, finally, bankrupt Pacific Lumber Company
Pacific Lumber Company
The Pacific Lumber Company, officially abbreviated PALCO, was one of California's major logging and sawmill operations, located south of Eureka and north of San Francisco. The once storied company and its historically positive relationship with conservationists begun in the 1920s was altered...
in Humboldt County, California
Humboldt County, California
Humboldt County is a county in the U.S. state of California, located on the far North Coast 200 miles north of San Francisco. According to 2010 Census Data, the county’s population was 134,623...
from Maxxam Inc. of Texas. The final dispensation of the bankruptcy, ongoing since January 2007 began the transfer of PALCO's giant buildings, mill, and 210000 acres (849.8 km²) of Humboldt forest to MRC. The company town of Scotia
Scotia, California
Scotia is a census-designated place in Humboldt County, California. It is located south-southeast of Fortuna, at an elevation of 194 feet . The ZIP Code is 95565. The population was 850 at the 2010 census....
and other properties are being transferred to Marathon Structured Finance.
The consolidation of Pacific Lumber Company (PALCO) and subsidiaries is under the new name of Humboldt Redwood Company, which began operations ostensibly with a more conservative harvesting model that eliminates clearcutting
Clearcutting
Clearcutting, or clearfelling, is a controversial forestry/logging practice in which most or all trees in an area are uniformly cut down. Clearcutting, along with shelterwood and seed tree harvests, is used by foresters to create certain types of forest ecosystems and to promote select species that...
and most old-growth redwood cutting.