M&A Deal Summary

Rayonier Advanced Materials Acquires Tembec

On May 25, 2017, Rayonier Advanced Materials acquired forest products company Tembec for 807M USD

Acquisition Highlights
  • This is Rayonier Advanced Materials’ 1st transaction in the Forest Products sector.
  • This is Rayonier Advanced Materials’ largest (disclosed) transaction.
  • This is Rayonier Advanced Materials’ 1st transaction in Canada.
  • This is Rayonier Advanced Materials’ 1st transaction in Quebec.

M&A Deal Summary
Date 2017-05-25
Target Tembec
Sector Forest Products
Buyer(s) Rayonier Advanced Materials
Deal Type Add-on Acquisition
Deal Value 807M USD
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
National Bank Financial (Financial)
Stikeman Elliott
Cahill Gordon & Reindel
Dechert
Slaughter and May (Legal)

Target

Tembec

Montréal, Quebec, Canada
Tembec, Inc. is an integrated manufacturer of forest products, including lumber, pulp, paper and specialty cellulose, serving customers worldwide. The company has operations in North America and France with approximately 4,000 employees and annual sales of about $1.6 billion. Tembec manages nearly 25 million acres of Canadian forestlands and has earned Forest Stewardship Council Certification for all its direct-managed forests.

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Buyer(S) 1

Buyer

Rayonier Advanced Materials

Jacksonville, Florida, United States
Category Company
Founded 1926
Sector Chemicals
Employees4,000
Revenue 1.6B USD (2023)
DESCRIPTION

Rayonier Advanced Materials is a provider of purity cellulose, a natural polymer commonly used in applications such as cell phones, computer screens, filters, textiles and pharmaceuticals. Rayonier Advanced Materials was founded in 1926 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Rayonier Advanced Materials - Matane Quebec Pulp Mill

Jacksonville, Florida, United States

Rayonier Advanced Materials, Inc. - Matane, Quebec Pulp 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.

Sell $175M
Mergr

Product

Company

Legal