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63 About this deal
Godwin, Brent. "Rayonier beginning work on 15,000 acres for second phase of Wildlight". www.bizjournals.com . Retrieved September 24, 2023. In June 2014, Rayonier spun off its performance fibers business into an independent, publicly traded company, Rayonier Advanced Materials Inc. (NYSE: RYAM). [15] [16] Shareholders of Rayonier received one share of the new Rayonier Advanced Materials company for every three shares of Rayonier on June 27, 2014. [1] [17]
Rayonier Names David Nunes Post-Separation CEO for Rayonier" (PDF). Rayonier. May 12, 2014 . Retrieved May 21, 2014. Scanlan, Dan. "Nassau's county attorney resigns after State Attorney's Office findings that he 'committed criminal acts' ". The Florida Times-Union . Retrieved September 24, 2023.
Certified By The Highest Standards in Sustainability
Cole, Robert J. (September 15, 1981). "I.T.T. HOLDS RAYONIE SALES TALKS". The New York Times. ISSN 0362-4331 . Retrieved September 24, 2023. A log-trading office was opened in New Zealand during 1988. The New Zealand government sold Rayonier 250,000 acres (1,000km 2) of timberland in 1992. [ citation needed] In August 2017, Rayonier consolidated its corporate headquarters, real estate, and forest resources offices into a newly constructed, state-of-the-art building in Wildlight, Florida. [20] The company is currently constructing a 23,600 acre development in Wildlight. [21] It began work on phase two of the project in 2022, developing 15,000 acres of land. [22] Rayonier Upgrades Pacific Northwest Timberland Portfolio Through Acquisition of 61,000 acres and Disposition of 55,000 acres". Rayonier. May 2, 2016 . Retrieved November 10, 2018.
As of December 31, 2022, the company owned or leased approximately 2.8 million acres of timberlands overall, located in the U.S. South (1.92 million acres) and U.S. Pacific Northwest (474,000 acres). The company also has a 77% ownership interest in Matariki Forestry Group, a joint venture, that owns or leases approximately 417,000 acres of timberlands in New Zealand. [2] History [ edit ] In May 2020, Rayonier acquired Pope Resources in the Pacific Northwest. [2] Business segments [ edit ] Rayonier opened international sales offices in Europe and Asia during 1954. That same year, another pulp mill in the southeast was constructed at Jesup, Georgia. High demand prompted the facility to double its capacity by 1957. [ citation needed] Metha, Guatama. "Georgia pulp mill accused of polluting Altamaha River. How is the state responding?". Macon.com. Rayonier officially moves headquarters to Nassau County". Jax Daily Record. November 6, 2017 . Retrieved September 24, 2023.
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Rayonier Inc, headquartered in Wildlight, Florida, is a timberland real estate investment trust ("REIT") with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. Its core business segments are timber and real estate. In August 2015, Rayonier announced its ownership in the New Zealand joint venture will increase from 65% to approximately 77%, as part of an anticipated recapitalization of the JV. [18] IN RE RAYONIER INC. SECURITIES LITIGATION" (PDF). SAXENA WHITE P.A. September 25, 2015 . Retrieved July 5, 2017. A class action against members of the former management team by certain shareholders was launched for the period from October 26, 2010, to November 7, 2014, claiming over-harvesting while communicating publicly harvesting below a sustainable rate. [14] Rainier Pulp and Paper changed its name to Rayonier, a portmanteau of the words rayon and Rainier, in 1937, when it became a publicly traded company. The following year, the company acquired timber stands in the southeastern United States, and began construction of a Fernandina Beach, Florida, pulp mill, which began production in 1939. [5]
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