Rayonier Increases Texas Timberland Ownership
18 Dezembro 2012 - 1:33PM
Business Wire
Rayonier (NYSE:RYN) today announced it has acquired
approximately 62,600 acres of timberlands in East Texas. The
property, purchased from a private ownership group for $88 million,
or $1,406 per acre, brings the company’s total ownership in Texas
to over 150,000 acres.
“These timberlands, located in one of the most competitive wood
baskets in the Gulf States, significantly increase Rayonier’s
landholdings in Texas and enable us to better support our existing
paper, pulp and solid wood customers,” said Paul G. Boynton,
chairman, president and chief executive officer. “With the majority
of this property located within 60 miles of the Houston
metropolitan area, it also provides tremendous value creation
potential for our higher-and-better-use land sales program.”
The timberlands are located principally in Liberty, Polk and
Trinity counties. Rayonier owns, leases or manages approximately
2.7 million acres in 10 states in the U.S. and New Zealand.
About Rayonier
Rayonier is a leading international forest products company with
three core businesses: Forest Resources, Real Estate and
Performance Fibers. The company owns, leases or manages 2.7 million
acres of timber and land in the United States and New Zealand. The
company's holdings include approximately 200,000 acres with
residential and commercial development potential along the
Interstate 95 corridor between Savannah, Ga., and Daytona Beach,
Fla. Its Performance Fibers business is one of the world's leading
producers of high-value specialty cellulose fibers, which are used
in products such as filters, pharmaceuticals and LCD screens.
Approximately 45 percent of the company's sales are outside the
U.S. to customers in approximately 40 countries. Rayonier is
structured as a real estate investment trust. More information is
available at www.rayonier.com.
Rayonier (NYSE:RYN)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Rayonier (NYSE:RYN)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024