Rayonier Announces Acquisitions in U.S. South

By Rayonier Inc.
Business Wire
November 2, 2022
Category: Business & Politics
Region: United States, US East

WILDLIGHT, Fla. — Rayonier Inc. announced today 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. 

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