Rayonier makes acquisitions in US South

Rayonier makes acquisitions in US South
Rayonier Inc. announced that the company has entered into two separate agreements to acquire approximately 172,400 acres of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana for an aggregate purchase price of approximately $474 million from Manulife Investment Management, a leading timberland investment manager.    The acquisitions comprise well-stocked and highly productive timberlands located in some of the strongest timber markets in the U.S. South. Approximately 80% of the acquisitions consist of fee ownership, and the remaining 20% consist of a long-term lease.    The acquisitions are ...

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