Rayonier Acquiring Tembec

(June 22, 2017)  Montreal-based Tembec Inc. has agreed to be acquired by Rayonier Advanced Materials, Jacksonville, Fl., for $807 million.

Rayonier expects to continue all Tembec operations and retain its Canadian headquarters in Montreal. It will also proceed with Tembec’s recently announced four-year investment plan for its Québec facilities and make additional investments in other key operations.

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