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HANCOCK TIMBER ACQUIRES 60,000 ACRES IN TEXAS AND LOUISIANA

 MARIETTA, Ga., July 12 /PRNewswire/ -- The John Hancock Mutual Life Insurance Co., through its Hancock Timber Resource Group,announced today it has signed an agreement to acquire approximately 60,000 acres of timberland and leasehold interests to timberland in northwestern Louisiana and east Texas from Riverwood International Corp. (NYSE: RVW).
 With this acquisition, Hancock Timber now owns or manages 47,500 acres in Louisiana and 64,300 acres in Texas. The Boston-based unit of John Hancock Financial Services is the nation's largest owner/manager of timberland assets for institutional investors, with 1.7 million acres in 10 southern states and three western states. Hancock's timber holdings are valued at more than $2 billion.
 The Hancock Timber Resource Group is a working partnership between John Hancock Financial Services, based in Boston, and three premier forestry management companies: Resource Management Service in the South; The Campbell Group in the Pacific Northwest; and Wagner Forest Management in the Northeast. Resource Management Service is one of the leading forestry firms in the South with experience in consulting, acquisition and financial services to over 20 major forest products companies, investors, lenders and private landowners.
 The properties in the current transaction include:
 -- About 46,000 acres in Louisiana, including parcels in Bienville, Webster, Bossier, Caddo and De Soto parishes near Shreveport and Bossier City.
 -- About 14,000 acres in Marion, Cass, Panola and Harrison counties near Marshall, Texas.
 The Hancock Timber Resource Group is committed to an environmentally sound timberland management program. Its tree farms are carefully managed under long-term management plans that keep large tracts of timberland in production for the forest products industry and provide strong investment returns through solid stewardship practices.
 "By custom and policy, Hancock is committed to being a good steward of the land," John Lollis, southern regional forester said. "We welcome community comment on our land management practices, and we believe in managing all the resources of the land, not just the timber," he added.
 "Our investment strategy and our forest management practices are geared to achieving long-term results for our institutional clients," Lollis said.
 Richard N. Smith, a founder of Hancock Timber Resource Group and director of portfolio management, adds, "An important part of our management philosophy is to be able to form strategic alliances and partnerships with the various entities within the entire industry of land management and to find common ground in what they need and what we need for our clients."
 -0- 7/12/93
 /CONTACT: Pam Kruh, of John Hancock Financial Services, 617-572-0558; or Bob Sundmacher, of The Rockey Co., 206-728-1778, for John Hancock Financial Services/
 (RVW)


CO: John Hancock Financial Services; Riverwood International Corp. ST: Georgia, Louisiana, Texas IN: SU:

JH-SB -- SE001 -- 0285 07/12/93 09:30 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
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