Rayonier completes acquisitions in u.s. south

Wildlight, fla.--( business wire )--rayonier inc. (nyse:ryn) completed its previously announced acquisitions of high-quality commercial timberlands located in texas, georgia, alabama, and louisiana (the “acquisitions”) from manulife investment management on december 15, 2022 for an aggregate purchase price of approximately $454 million, after customary purchase price adjustments at closing. the acquisitions comprise approximately 137,800 acres of well-stocked and highly productive timberlands located in some of the strongest timber markets in the u.s. south.
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