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    Brief: Rayonier Advanced Materials Announces Sale Of Lumber And Newsprint Businesses To Greenfirst Forest Products

    Picture of GreenFirst Forest Products logoGreenFirst Forest Products
    12/04/2021 14:13
    April 12 (Reuters) - Rayonier Advanced Materials Inc
 RYAM.N :
    * RAYONIER ADVANCED MATERIALS ANNOUNCES STRATEGIC SALE OF
ITS
LUMBER AND NEWSPRINT BUSINESSES TO GREENFIRST FOREST PRODUCTS
FOR APPROXIMATELY $214 MILLION
    * RAYONIER ADVANCED MATERIALS - WILL RETAIN ALL OF CASH
GENERATED
BY PURCHASED ASSETS PLUS ALL SOFTWOOD LUMBER DUTIES PAID TO U.S.
DEPARTMENT OF COMMERCE
    * RAYONIER ADVANCED MATERIALS - TO SELL ALL OF ITS LUMBER
AND
NEWSPRINT FACILITIES AND RELATED ASSETS LOCATED IN ONTARIO AND
QUÉBEC TO GREENFIRST

Source text for Eikon:  ID:nBw5cbyP6a 
Further company coverage:  RYAM.N 

 ((Reuters.Briefs@thomsonreuters.com;))

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