Rayonier Advanced Materials Announces Sale of Matane, Quebec Pulp Mill
Rayonier Advanced Materials Inc. (RYAM)
Last rayonier advanced materials inc. earnings: 2/25 08:29 pm
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Source: Business Wire
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc. (the “Company”) (NYSE: RYAM) announced today that it has entered into an agreement to sell its Matane, Quebec pulp mill and related assets to Sappi Limited, a global diversified wood fiber company, for a purchase price of approximately US$175 million. The mill produces approximately 270,000 metric tons of high-yield pulp and sells the product globally for use in manufacturing paperboard, packaging, printing, and writing paper. The Matane mill was acquired by the Company as part of its acquisition of Tembec Inc. in November of 2017. The Company will continue to manufacture and sell approximately 240,000 metric tons per year of high-yield pulp out of its Témiscaming facility.The Company is continuing its previously-announced review of its commodity asset portfolio and will provide information on any additional actions when this review is concluded.“As part of our portfolio evaluation, the sale of the Matane mill a
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RYAM
Earnings
- 2/27/24 - Miss
RYAM
Sec Filings
- 4/29/24 - Form 8-K
- 4/12/24 - Form 4
- 4/3/24 - Form DEFA14A
- RYAM's page on the SEC website