Rayonier completes acquisition of Tembec mills

November 21, 2017

By: The Working Forest Staff

MONTREAL — Seven Quebec and Ontario sawmills are now owned by a specialty cellulose company based in Florida. Rayonier Advanced Materials has greatly diversified its product line with the acquisition of Tembec, which has pulp and paper operations and sawmills in Canada, plus a mill in France.

The combined company will operate under the name Rayonier Advanced Materials.

“Rayonier Advanced Materials and Tembec are not only a good strategic fit, but we are also an excellent cultural fit. We are excited to welcome the Tembec employees to Rayonier Advanced Materials as we continue to execute on our four strategic pillars of growth.,” said Paul Boynton, chairman, president and CEO of Rayonier Advanced Materials.

RYAM Lumber’s total annual softwood capacity is approximately 755 million board feet. The new entity has sawmills in Bearn and La Sarre, Que., and in Chapleau, Cochrane, Hearst, Huntsville and Kapuskasing, Ont. In addition, the company has pulp and paper operations in Kapuskasing and Temiscaming and Matane, Que.

Your comments.

Your #1 source for forestry and forest industry news.

Built by Sofa Communications