Ryam announces sale of softwood duty refund rights for $39 million

Jacksonville, fla.--(business wire)--rayonier advanced materials inc. (nyse: ryam) (the “company”), the global leader in high purity cellulose, today announced it has reached agreement regarding the sale to ocp lumber llc of the company's entitlements to refunds, including all accrued interest, related to the duties imposed on softwood lumber exported by the company from canada into the united states during a specific period between 2017 and 2021. the sale price for the refund rights is $39 mil.
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