Rayonier advanced materials announces strategic sale of its lumber and newsprint businesses to greenfirst forest products for approximately $214 million

Jacksonville, fla. & vancouver, british columbia--(business wire)--rayonier advanced materials inc. (nyse: ryam) (“ryam”), a global leader in high purity cellulose pulp, and greenfirst forest products inc. (tsxv: gfp) (“greenfirst”), a canadian lumber company, announced today that the parties have entered into a binding asset purchase agreement (the “agreement”) pursuant to which ryam has agreed to sell all of its lumber and newsprint facilities and related assets located in ontario and quÉbec.
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