Rayonier completes acquisitions in U.S. South

Rayonier Inc. completed its previously announced acquisitions of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana 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.      Rayonier now expects the Acquisitions to contribute an average annual harvest volume of approximately 725,000 tons and an average annual Adjusted EBITDA contribution ...