Rayonier advanced materials completes sale of lumber and newsprint assets

Jacksonville, fla.--(business wire)--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. the total purchase price is payable approximately 85 percent in cash and 15 percent of common shares in
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