Home News Industry News Merger diversifies Rayonier’s business

Merger diversifies Rayonier’s business

On the surface, Rayonier Advanced Materials Inc.'s merger with Tembec Inc. looks to be all about size and space.

The merger of the two cellulose specialty products companies more than doubles Rayonier AM's size to $2 billion in annual revenue, and expands its geographic reach to markets in Canada and France.

However, analysts who follow Jacksonville-based Rayonier AM point out the $807 million deal announced before Memorial Day weekend also will significantly diversify the company's product mix.


Source: Daily Record

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