VANCOUVER, BC, August 30, 2021 – GreenFirst Forest Products Inc. (TSXV: GFP) (“GreenFirst” or the “Purchaser”) is pleased to announce that on August 28, 2021 it closed the previously announced purchase of a portfolio of forest and paper product assets (the “Purchased Assets”) from Rayonier A.M. Canada G.P. (“RYAM GP”), Rayonier A.M. Canada Industries Inc. (“RYAM Industries”) and Rayonier A.M. Canada Enterprises Inc. (collectively with RYAM GP and RYAM Industries, “RYAM”), each a subsidiary of Rayonier Advanced Materials Inc. (NYSE: RYAM).

JACKSONVILLE, Fla.--Aug. 30, 2021-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company”) announced today that it has completed its previously announced sale of its lumber and newsprint assets (the “Purchased Assets”) to GreenFirst Forest Products Inc. (“GreenFirst”), a Canadian lumber company, for a total purchase price of approximately US$235 million, subject to final adjustments.

More Articles …