M&A Deal Summary

Sappi Acquires Rayonier Advanced Materials - Matane Quebec Pulp Mill

On August 1, 2019, Sappi acquired forest products company Rayonier Advanced Materials - Matane Quebec Pulp Mill from Rayonier Advanced Materials for 175M USD

Acquisition Highlights
  • This is Sappi’s 2nd transaction in the Forest Products sector.
  • This is Sappi’s 2nd largest (disclosed) transaction.
  • This is Sappi’s 2nd transaction in the United States.
  • This is Sappi’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-08-01
Target Rayonier Advanced Materials - Matane Quebec Pulp Mill
Sector Forest Products
Buyer(s) Sappi
Sellers(s) Rayonier Advanced Materials
Deal Type Divestiture
Deal Value 175M USD

Target

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.

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Buyer(S) 1

Buyer

Sappi

Johannesburg, South Africa

Category Company
Sector Forest Products
Revenue 6.3B USD (2012)
DESCRIPTION
Sappi paper mill located in Cloquet, Minnesota.
Sappi paper mill located in Cloquet, Minnesota.

Sappi Limited (formerly South African Pulp and Paper Industries), is a global pulp and paper company. Sappi was formed in 1936 and is based in Johannesburg.


DEAL STATS #
Overall 2 of 2
Sector (Forest Products) 2 of 2
Type (Divestiture) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 Sappi Kraft Recycled Packaging Paper Mill

South Africa

Sappi Kraft Recycled Packaging Paper Mill engages in manufacturing of corrugated paper products.

Sell -

Seller(S) 1

SELLER

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 2
Sector (Forest Products) 1 of 2
Type (Divestiture) 1 of 2
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 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.

Buy $807M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Rayonier Advanced Materials - Forest and Paper Products Assets

Chapleau, Ontario, Canada

Rayonier Advanced Materials' Forest and Paper Products Assets include six lumber mills which are located in Chapleau, Cochrane, Hearst, and Kapuskasing in Ontario and in Béarn and La Sarre in Québec as well as one newsprint mill located in Kapuskasing, Ontario. The assets have an annual production capacity of 755 MMFbm and are capable of producing a wide range of forest products used in residential and commercial construction, including SPF lumber, wood chips, and by-products. The newsprint mill has an annual production capacity of 205,000 MT/year. Collectively, the Purchased Assets rank as a top ten producer of lumber in Canada, based on recent publicly available industry rankings.

Sell $214M