M&A Deal Summary

Rayonier Acquires 83 000 acres of timberland

On August 12, 2004, Rayonier acquired real estate company 83 000 acres of timberland from Great Eastern Timber Company for 89M USD

Acquisition Highlights
  • This is Rayonier’s 1st transaction in the Real Estate sector.
  • This is Rayonier’s 2nd largest (disclosed) transaction.
  • This is Rayonier’s 1st transaction in the United States.
  • This is Rayonier’s 1st transaction in Alabama.

M&A Deal Summary
Date 2004-08-12
Target 83 000 acres of timberland
Sector Real Estate
Buyer(s) Rayonier
Sellers(s) Great Eastern Timber Company
Deal Type Divestiture
Deal Value 89M USD

Target

83 000 acres of timberland

Alabama, United States
83,000 acres of timberland of high quality and enjoys solid demand from diverse wood products facilities,the property is located near our existing ownership of 282,000 acres in Alabama, management costs will be minimal.

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Buyer(S) 1

Buyer

Rayonier

Jacksonville, Florida, United States
Category Company
Sector Forest Products
Employees438
Revenue 1.1B USD (2023)
DESCRIPTION

Rayonier is a timberland real estate investment trust. Rayonier is a geographically diverse global land resources company. Rayonier is based in Jacksonville, Florida.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 2
Type (Divestiture) 1 of 2
State (Alabama) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-20 EAM

Jesup, Georgia, United States

EAM Corp. develops and manufactures two proprietary, patented absorbent material, NovaThin and NovaZorb, engineered from a blend of specialty fluff pulp and super absorbent polymers to produce a highly dense, yet thin, absorbent web. NovaThin and Novazorb serve as a pre-formed, absorbent core for use in personal care applications, such as feminine hygiene, adult incontinence, baby diapers, and training pants.

Sell -

Seller(S) 1

SELLER

Great Eastern Timber Company

Chester, Virginia, United States
Category Company
Sector Forest Products
DESCRIPTION

Great Eastern Timber Company, LLC owns and operates timber tracts.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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