One Forty One Plantations

What One Forty One Plantations does

One Forty One Plantations (operating as OneFortyOne) is a privately held trans-Tasman forestry and sawmilling company formed in 2012 following the acquisition of a 105-year government lease on 80,000 hectares of radiata pine plantation in Australia's Green Triangle region. The company is vertically integrated from nursery operations (Glencoe nursery, over 5 million seedlings planted annually in Australia) through plantation management, harvesting, and two wholly-owned sawmills: Jubilee Sawmill in Mount Gambier (with ~$40 million of invested upgrades including a $30 million biomass co-generation turbine) and Kaituna Sawmill in Marlborough, New Zealand. Following the 2018 acquisition of Nelson Forests Limited, OneFortyOne manages over 80,000 additional hectares in New Zealand's Nelson Tasman and Marlborough regions, producing ~1 million cubic metres harvested annually with ~55,000 cubic metres of finished timber sold from Kaituna.

The company sells structural timber framing, treated timber products (MicroPro, Creosote, LOSP Optimum), decking, posts, and appearance-grade radiata pine products. Australian forest products are over 80% domestically sold to processors and manufacturers, while Kaituna Sawmill exports to Australia, Europe, and Asia. OneFortyOne holds FSC-C074692 certification (New Zealand operations continuously since 2010) and AS/NZS 4708:2021 certification under the PEFC-endorsed Responsible Wood scheme across the Green Triangle estate (valid to July 2027), plus ISO 14001 environmental management certification. The plantation estate sequesters 2.7 million tonnes of CO2 annually, and the company targets a 75% scope 1 and 2 emissions reduction by 2030.

Revenue is generated via direct B2B timber sales through dedicated sales teams in Australia and New Zealand, with quote-based pricing. Secondary revenue streams include New Zealand public hunting permits ($175 each, smart lock-enabled, across 60 blocks covering 45,684 hectares) and the PINE Community Grants programme. The company employs approximately 516 direct staff across Australia and New Zealand and is a member of the Green Triangle Forest Industries Hub (representing ~90% of regional industry). With no publicly disclosed revenue or institutional investor base, the company's ownership remains private and undisclosed; leadership transition to incoming CEO Andrew Leighton was announced in April 2026.

Name

One Forty One Plantations

Legal name

OneFortyOne Plantations Holdings Pty Ltd

Website

https://onefortyone.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

OneFortyOne is a privately held trans-Tasman forestry and sawmilling company managing over 160,000 hectares of radiata pine plantations in Australia and New Zealand, operating two integrated sawmills that supply structural timber, treated products, and appearance-grade radiata pine to domestic and export construction markets.

Ownership category

akta.pro rank

Product category

Sustainable Timber Products

NAICS

Timber Tract Operations (11311), Logging (1133), Forest Nurseries and Gathering of Forest Products (113210)

SIC

Sawmills & Planting Mills, General (2421), Forestry (800)

akta.pro primary industry

Sawmilling & Lumber Production (IMADADAA)

Keywords

• Sustainable forestry
• Plantation management
• Sawmill operations
• Timber products
• Forest management

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Timber Products Sales: Sale of sustainably managed timber products sourced from plantation forests in Australia and New Zealand. Products include structural timber, treated timber for outdoor use, posts, decking, and industrial grade timber.
2. Kaituna Sawmill Exports: New Zealand sawmill exports radiata pine products to Australia, Europe, Asia and local New Zealand market. Over 55,000 cubic metres of timber sold annually from Kaituna Sawmill.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

OneFortyOne is a vertically integrated forestry and sawmilling company that manages over 160,000 hectares of radiata pine plantation forests across Australia (Green Triangle) and New Zealand (Nelson Tasman and Marlborough). It operates two sawmills — Jubilee Sawmill in Mount Gambier and Kaituna Sawmill in Marlborough — converting harvested logs into structural timber, treated timber, decking, posts, appearance-grade products, and industrial grade timber for sale to domestic processors, builders, and export markets.

Product overview

OneFortyOne is a forestry and sawmilling company operating across Australia and New Zealand with a vertically integrated model. The company manages over 160,000 hectares of radiata pine plantation forests and operates two sawmills (Jubilee Sawmill in Mount Gambier, Australia and Kaituna Sawmill in Marlborough, New Zealand). Their product portfolio centers on sustainable timber products including structural timber framing, treated timber for agricultural and outdoor use, and appearance-grade products for furniture and finishing. The company's integrated operations span forest nursery and planting, plantation management, harvesting, sawmilling, and timber product sales, with over 80% of Australian forest products sold domestically.

Differentiator

Problem solved

Functional benefit

Products and services

• Australia Timber Products (Jubilee Sawmill) Sustainably produced timber products sourced from OneFortyOne's Green Triangle plantation estate and processed at the Jubilee Sawmill in Mount Gambier. Includes structural timber framing, treated timber products (MicroPro, Creosote, LOSP Optimum), and kiln-dried radiata pine for domestic processors, builders, and manufacturers.
• New Zealand Timber Products (Kaituna Sawmill) High-grade appearance products suitable for furniture and finishing timbers, high-grade treated products for outdoor use or structural applications, and industrial grade products from the Kaituna Sawmill in Marlborough. Premium product is 100x100 square posts. Sold to Australia, Europe, Asia and the local New Zealand market.
• Sustainable Timber Products

Quantifiable outcome

• Sequesters more than 2.7 million tonnes of carbon dioxide from atmosphere annually
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered core, major and minor.

• Green Triangle Forest Industries Hub (GTFIH)coreStrategic or Co-development PartnerIndustry body representing around 90% of Green Triangle industry including large and small businesses, growers and processors, soft and hardwood, Victorian and South Australian. GTFIH members prioritise domestic processing.
• Nature Glenelg TrustcoreStrategic or Co-development PartnerPartnership began in 2013 funding purchase of Mt Burr Swamp Habitat Restoration Reserve. Working together restoring habitat and biodiversity within 2,700 hectares of protected wetlands, caves and remnant vegetation.
• Kea Conservation TrustcoreStrategic or Co-development PartnerInvested $100,000 over five years in research helping understand how forestry operations can work alongside kea habitat. Funded development of industry guidelines for kea protection now used throughout the industry.
• Ministry for Primary Industries (MPI)coreStrategic or Co-development Partner$2.7 million sediment study partnership with Donald Creek Catchment Study 2020-2027. Jointly funded by MPI and OneFortyOne to study performance of sediment control practices in forest harvesting.
• Cawthron InstitutemajorStrategic or Co-development PartnerResearch partner in Donald Creek Catchment Study collaborating on sediment control practices research in New Zealand forest estate.
• Fire Emergency New ZealandcoreStrategic or Co-development PartnerKey stakeholder in rural fire management in Nelson/Tasman and Marlborough/Kaikoura regions. OneFortyOne provides resources, equipment, water points and trained staff to support fire emergency response.
• South Australian Country Fire Service (CFS)coreStrategic or Co-development PartnerForest Industry brigade working closely with CFS for fire management in Green Triangle plantations. Cooperate on training, equipment and patrol operations.
• Victorian Country Fire Authority (CFA)coreStrategic or Co-development PartnerCollaborate with CFA for fire management in Victorian portions of Green Triangle forest estate. Joint training, fire simulations and support during fire events.
• Mount Gambier Pioneers BasketballmajorGTM or Marketing PartnerNBL1 basketball club sponsorship. Supported establishment of women's team and participates in joint charity events including Backpacks 4 SA Kids and mental health initiatives.
• Stand Like Stone FoundationmajorStrategic or Co-development PartnerSix-year partnership supporting Limestone Coast community through annual grants and scholarships. Funded multiple projects from tool upgrades at Men's Sheds to regulation and mindfulness training for educators.
• LifeChanger FoundationmajorStrategic or Co-development PartnerPartnership to support wellbeing of teenagers in Mount Gambier through mentoring programs and self-development workshops.
• ac.caremajorStrategic or Co-development PartnerFormalised partnership with Limestone Coast's largest homelessness and foster care agency. Employee volunteering, hands-on support at community centre, bike repairs, event support.
• Manaaki Whenua Landcare ResearchmajorStrategic or Co-development PartnerResearch partner in Donald Creek Catchment Study collaborating on long-term monitoring of sediment control practices.
• Local Iwi (Ngāti Toa Rangatira, Te Ātiawa o te Waka-a-Māui, Ngāti Tama ki Te Tau Ihu)coreStrategic or Co-development PartnerLandowners of managed forest land in New Zealand. OneFortyOne works to build meaningful relationships with iwi as tangata whenua (people of the land/region) and act as responsible kaitiaki (stewards/guardians).
• Nelson Tasman Cycle Trails TrustminorGTM or Marketing PartnerSupported construction of Great Taste Trail section through forests with in-kind donation of earthworks along historic railway reserve.
• University of CanterburyminorStrategic or Co-development PartnerSummer Internship Program for students seeking practical experience. Roles are project-based and align with business needs.

Scale indicators14 records

Recent moves7 records

Broad incumbents

• PotlatchDeltic: US-listed timber REIT combining timberland ownership with wood products manufacturing, providing a broad-incumbent benchmark for vertically integrated, FSC-certified forestry companies with sawmill operations.
• Rayonier: US-listed timber REIT with large timberland holdings and a wood products segment, offering a global benchmark for asset-heavy, certified-forestry operators managing long-rotation softwood estates.
• Interfor: Canadian-listed lumber producer with sawmill operations across North America and an explicit sustainable-forestry strategy. Comparable as a broad incumbent in softwood lumber production and timberland stewardship with global operational reach.
• Stora Enso: Finnish-listed global forest products company with extensive European timberland base, sawmills, and downstream paper/packaging operations. Comparable as a broad incumbent in sustainable forestry and wood products at much larger scale.
• Weyerhaeuser: One of the world's largest publicly listed private owners of timberlands operating a vertically integrated timber, real estate, and wood products business. Comparable as the broad incumbent benchmark for global timberland owners with sawmilling and certified-sustainable operations.
• UPM-Kymmene: Finnish-listed global forest products group with significant plantation assets and biofuel/biomass energy operations, comparable as a broad incumbent with integrated timberland, sawmilling, and renewable energy exposure.

Others

• Hancock Forest Management (Manulife Investment Management): Global timberland investment manager (part of Manulife Investment Management) overseeing large timberland portfolios with direct forestry operations. Comparable as an ecosystem participant managing third-party forestry assets and providing operational scale benchmarks.
• PF Olsen: New Zealand-headquartered forestry management and harvest services provider across Australasia; directly comparable as an ecosystem participant enabling plantation operations and serving similar ANZ customers through contracted silviculture, harvest, and marketing services.

Direct peers

• Ernslaw One: New Zealand-based integrated forestry and forest products company with extensive radiata pine estate and downstream processing operations, making it the closest trans-Tasman comparable in scale, species mix, and end-market exposure to One Forty One's Nelson Forests/Kaituna Sawmill operations.
• New Forests: Australia- and Asia-Pacific-focused sustainable forestry investment manager with timberland assets and ESG-aligned mandates, headquartered in Australia. Directly comparable in operating geography, certification framework, and mission of institutional-grade forestry investment across Australia and NZ.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/onefortyone-plantations

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about One Forty One Plantations