Home News Industry News Rayonier Advanced Materials vows to 'come to bat' for Tembec in softwood battle

Rayonier Advanced Materials vows to 'come to bat' for Tembec in softwood battle

MONTREAL — Rayonier Advanced Materials will "come to bat" to protect the interests of Tembec in the cross-border battle over softwood lumber, the head of the Florida-based company said Thursday after announcing a friendly takeover of the Quebec forestry firm.

The deal, valued at US$807 million including debt, would see the merged entity keep a Canadian headquarters in Montreal, with the main corporate office in Jacksonville, Fla.

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Source: Montreal Gazette

 
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