rayonier advanced materials tembec

The forest groups Rayonier Advanced Materials and Tembec today announced a definitive agreement under which Rayonier Advanced Materials will acquire Tembec. “Rayonier Advanced Materials and Tembec are not only a good strategic fit, but we are also an excellent cultural fit. In May 2017, it was announced that Tembec had agreed to a takeover offer by Rayonier Advanced Materials for CAD $320 million. kallimapaper.com. Event Details. For international parties, dial 201-689-8349. Further information regarding the transaction will be contained in an information circular that Tembec will prepare and mail to its stockholders in connection with the special meeting of the Tembec shareholders. The transaction does not require the approval of Rayonier Advanced Materials shareholders. Left: Rayonier Advanced Materials’ Chairman, President and CEO, Paul G. Boynton and right: Tembec’s President and CEO, James Lopez. The fairness opinions will be included in the management information circular to be filed and mailed to Tembec shareholders in connection with the approval of the transaction at the special meeting. 1301 Riverplace Boulevard, Suite 2300 Be immediately accretive to earnings and shareholder value. They are committed to our operations and employees in Canada and France and—above all—to the values we share. Rayonier Advanced Materials and Tembec will host a joint conference call with the investment community on Thursday, May 25, 2017 at 9:00 a.m. EST to discuss the transaction. Tembec has approximately 3,000 employees and annual sales of approximately C$1.5 billion. It does not constitute an offer to purchase shares of Rayonier Advanced Materials or Tembec or a solicitation or recommendation statement under the rules and regulations of the Canadian securities regulators, the U.S. Securities and Exchange Commission or other applicable laws. We are excited to welcome the Tembec employees to Rayonier Advanced Materials as we continue to execute on our four strategic pillars of growth.” About Rayonier Advanced Materials. Transaction serves the best interests of both companies. All forward-looking statements in this document are made as of the date hereof and we do not undertake any obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law. © 2021 Rayonier Advanced Materials | 1301 Riverplace Boulevard, Suite 2300 | Jacksonville, Florida 32207, © 2021 Rayonier Advanced Materials Rayonier Advanced Materials announced today that it has completed the acquisition of Tembec Inc., combining two complementary high purity cellulose businesses and diversifying its product offerings with integrated forest products, paper, paperboard and newsprint businesses. Tembec is listed on the Toronto Stock Exchange (TMB). The transaction will be carried out by way of a court-approved plan of arrangement and will require the approval of at least 66 2/3% of the votes cast by Tembec shareholders. Université de Sherbrooke. With pro forma revenue of US$2 billion, the combined company will be poised to compete effectively in any market, benefit from greater product and geographic diversity, and provide an attractive value proposition for our shareholders. For Rayonier Advanced Materials, BofA Merrill Lynch is serving as financial advisor and Wachtell, Lipton, Rosen & Katz, McCarthy Tétrault LLP and Hogan Lovells US LLP are serving as legal counsel. ... Rayonier Advanced Materials Inc. (Common Stock) (%) Volume: Data as of . Further information regarding the transaction will be mailed to Tembec shareholders in advance of the special meeting. Executives. Principal operations are in Canada and France. In addition to Tembec shareholder and court approvals, the transaction is also subject to other conditions and receipt of other approvals, including receipt of regulatory approvals. These elections are subject to proration to ensure that no more than 63% of the aggregate Tembec shares shall receive the cash consideration and no more than 37% will receive the stock consideration. With its expanded geographic reach, enhanced R&D capabilities and broader, more flexible asset base, the combined company will offer customers exceptional product breadth across the spectrum of high purity cellulose products and create additional growth opportunities in packaging and forest products. Tembec's Board of Directors after receiving the fairness opinions of Scotia Capital and National Bank Financial, legal and financial advice and the recommendation of the special committee of its Board of Directors, unanimously recommends that shareholders vote in favor of the transaction at the special meeting of shareholders to be held in July 2017. Rayonier Advanced Materials. Rayonier Advanced Materials to acquire Tembec 1.3 MB. Thursday, May 25, 2017 9:00 am EDT Webcast Presentation. The companies put the purchase price at around $807m. ", An ideal partner, committed to Tembec's people and operations, James Lopez, President and Chief Executive Officer of Tembec, said, "Rayonier Advanced Materials is the ideal partner for us, given the complementary nature of our products, expertise, and resources. Rayonier Advanced Materials Inc. (NYSE: RYAM) and Tembec Inc. (TSX: TMB) have entered a definitive agreement under which Rayonier Advanced Materials will acquire Tembec for approximately U S$807… The replay dial-in number within the U.S. is 877-660-6853, international is 201-612-7415, Conference ID: 13663308. Rayonier Advanced Materials to Acquire Tembec. Paul Boynton of Rayonier Advanced Materials and James Lopez of Tembec will be holding a joint press meeting in Montreal on Thursday, May 25, 2017 at 10:00 a.m. EST at 4 Place Ville-Marie, suite 100. For Tembec, Scotia Capital is serving as financial advisor to the company and National Bank Financial is serving as financial advisor, on a non-contingent fixed-fee basis to the Tembec Board of Directors. Regional media who wish to attend this press conference will have access to a simultaneous web broadcast on the internet. The company engineers dozens of customized products at its plants in Florida and Georgia, delivering unique properties, unparalleled consistency and exceptional quality. The deal closed in November. Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that it has completed the acquisition of Tembec Inc., combining two complementary high purity cellulose businesses and diversifying its product offerings with integrated forest products, paper, paperboard and newsprint businesses. Data Provided by Refinitiv. Rayonier Advanced Materials Announces Fourth Quarter and Full Year Results JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) reported income from continuing operations for the quarter ended December 31, 2020 of $9 million or $0.14 per diluted share, compared to a loss from continuing operations of $57 million or … With its expanded geographic reach, enhanced R&D capabilities and broader, more flexible asset base, the combined company will offer customers exceptional product breadth across the spectrum of high purity cellulose products and create … Rayonier Advanced Materials recently announced a definitive agreement under which Rayonier Advanced Materials will acquire Tembec, providing the combined company with leading and complementary positions in key high purity cellulose end-uses and diversified earning streams from packaging, paper, high-yield pulp and forest products businesses. Rayonier Advanced Materials and Tembec agreed to an initial acquisition price of $4.05 per share on May 25, 2107. Rayonier Advanced Materials As the leading global supplier of high-purity, cellulose specialties products, Rayonier Advanced Materials builds on more than 90 years of experience to provide our customers with exceptional quality, service and value. Q1 Earnings Release Call Presentation 3 MB. Jacksonville, Florida 32207, Laminated cartons, point-of-purchase displays and high-quality corrugated cartons, Forest Stewardship Council®(FSC®) Certified Chain of Custody, High-impact graphic corrugated containers. This document is for informational purposes only. The transaction agreement contains a non-solicitation covenant on the part of Tembec, subject to the customary "fiduciary out" provisions. The Canadian forestry company Tembec has a new name and a new owner. SOURCE Rayonier Advanced Materials Inc.; Tembec Inc. © 2021 Rayonier Advanced Materials | 1301 Riverplace Boulevard, Suite 2300 | Jacksonville, Florida 32207, Site Map Disclaimer/Terms Of Use Supplier Information, Rayonier Advanced Materials to Acquire Tembec, Creating a Diversified Global Leader in High Purity Cellulose, Packaging, Paper, High-Yield Pulp and Forest Products, Releasec0cf3b46-d0dd-4fec-91ab-64d90cafa2f6_2276545.pdf, http://www.prnewswire.com/news-releases/rayonier-advanced-materials-to-acquire-tembec-creating-a-diversified-global-leader-in-high-purity-cellulose-packaging-paper-high-yield-pulp-and-forest-products-300463696.html. Tembec shareholders will have the right to elect to receive either (i) C$4.05 in cash or (ii) 0. Rayonier Advanced Materials Inc. (NYSE: RYAM) has closed the acquisition of Tembec Inc. (TSX: TMB) at $4.75 per share for aggregate consideration of $1.34 billion including assumption of debt (all figures in Canadian dollars). The official acquisition was completed on Monday by global manufacturer Rayonier Advanced Materials. 230 2 of a share of Rayonier Advanced Materials common stock, for each Tembec common share. As the leading global supplier of high-purity, cellulose specialties products, Rayonier Advanced Materials builds on more than 90 years of experience to provide our … Investor Day Presentation 2017 6.8 MB. Such risks and uncertainties include, but are not limited to: the timing of the closing of the transaction; whether a transaction will be consummated at all and the ability to obtain required regulatory approvals and satisfy the other conditions to closing the transaction; the expected benefits of the transaction and whether such benefits will be achieved on a timely basis or at all; our ability to successfully integrate acquired businesses; prolonged weakness in general economic conditions; unfavorable weather conditions or natural disasters; our reliance on government permits or approvals; risks related to federal, state, local and foreign government laws, rules and regulations; risks related to our reliance on information technology; manufacturing issues that may arise; adverse consequences of current or future legal claims; our ability to hire and retain a sufficient seasonal workforce; risks related to our workforce, including increased labor costs; loss of key personnel; fluctuations in foreign currency exchange rates; impairments or write downs of our assets; changes in accounting estimates and judgments, accounting principles, policies or guidelines; a materially adverse change in our financial condition; and other risks detailed in Rayonier Advanced Material's filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section of Rayonier Advanced Materials' Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and in Tembec's filings with the Canadian Securities Administrators, including the "Risk Factors" section of Tembec's Annual Information Form for the fiscal year ended September 30, 2016. Media Release May 25, 2017 9:14 a.m. JACKSONVILLE, Fla. and MONTREAL, May 25, 2017 /PRNewswire/ — Rayonier Advanced Materials Inc. (NYSE: RYAM) and Tembec Inc. (TSX: TMB) today announced a definitive agreement under which Rayonier Advanced Materials will acquire Tembec, providing the combined company with leading and complementary positions in key high purity cellulose end-uses … In 1973, the newly-founded company purchased the shuttered mill and Tembec was founded. Mickey Walsh … This document contains statements that are forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Investors and security holders are urged to read the information circular once it becomes available, as it will contain important information concerning the proposed transaction. Stikeman Elliott LLP, Cahill Gordon & Reindel LLP, Dechert LLP and Slaughter and May are serving as legal counsel. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The replay of the teleconference will be available one hour after the call ends until 6:00 p.m. EST on Thursday, June 8, 2017. Kallima® products also offer remarkable savings realized through a unique low-density construction resulting in a significant basis weight advantage over competing products. Rayonier Advanced Materials to Acquire Tembec. Kallima® products are available as Forest Stewardship Council® (FSC®) certified (FSC®-C017431) - your assurance they are made with fiber from responsible sources. About tembec.com . Rayonier Advanced Materials’ integrated Temiscaming, Québec, operation manufactures lightweight Kallima ® Coated Cover Paperboard used for a broad range of commercial printing, publishing and packaging applications.. Kallima ® Coated Cover Paperboard. Temiscaming was the first bleached paperboard operation in North America to achieve ISO 9001 certification – your assurance Kallima meets consistent quality standards. About Rayonier Advanced Materials. Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in cell phones, computer screens, filters and pharmaceuticals. The Company will also proceed with Tembec's recently announced four-year investment plan for its Québec facilities and make additional investments in other key facilities and operations to further enhance the Company's growth potential and competitiveness. "By joining forces, we are diversifying our product offering in high purity cellulose and expanding into the adjacent packaging and forest products markets with significant scale. Create compelling value for shareholders, including an attractive premium to market with immediate cash and the ability to participate in the combined company's future growth, and significant liquidity through share ownership in a broadly traded public company. Rayonier Advanced Materials (NYSE:RYAM) Rayonier Advanced Materials to Acquire Tembec May 25, 2017 9:00 AM ET. Primary # - 877-407-8293. Rayonier Advanced Materials Inc. and Tembec Inc. announced today that, as a result of legislation that went into effect today,... | February 19, 2021 Copies of the arrangement agreement, the material change report and the information circular will be available online on www.sedar.com. Rayonier Advanced Materials' facilities can produce approximately 485,000 tons of high purity cellulose and 245,000 tons of commodity products. Rayonier Advanced Materials Inc. and Tembec Inc. announced that they have entered into an amendment to the arrangement agreement under which Rayonier Advanced Materials has agreed to acquire Tembec for an increased consideration valued at C$4.75 per Tembec share. For Tembec shareholders, the purchase price per share represents a 37% premium to its closing price on May 24, 2017. The revised terms were unanimously approved by the boards of directors of both companies. The Company expects to retain Canadian headquarters in Montreal, Québec and a presence in Ontario, and continue all Tembec operations. The purchase price is 37 per cent above the Wednesday closing price for Tembec … Structure, Timing and Approvals of Transaction. Secondary # - 201-689-8349. Live Teleconference. Rayonier Advanced Materials’ integrated Temiscaming, Québec, operation manufactures lightweight Kallima® Coated Cover Paperboard used for a broad range of commercial printing, publishing and packaging applications. May 02, 2017: Add Files. Minimum 15 minutes delayed. ", Mr. Boynton added, "Following the transaction, our solid capital structure will enable us to make high-return investments to support the growth of Tembec's attractive businesses and product development capabilities to better serve customers. Company Website. Tembec retained Scotia Capital as a financial advisor and the special committee of the Tembec Board of Directors retained National Bank Financial to provide an opinion on a non-contingent fixed fee basis. JACKSONVILLE, Fla. and MONTREAL, May 25, 2017 /PRNewswire/ -- Rayonier Advanced Materials Inc. (NYSE: RYAM) and Tembec Inc. (TSX: TMB) today announced a definitive agreement under which Rayonier Advanced Materials will acquire Tembec, providing the combined company with leading and complementary positions in key high purity cellulose end-uses and diversified earning streams from packaging, paper, high-yield pulp and forest products businesses. Investors may listen to the conference call by dialing 877-407-8293, no passcode required. Fairfax Financial, a 19.99% shareholder of Tembec, has advised that it is supportive of the transaction. Benefit from enhanced economies of scale, and create projected combined cost synergies of, Establish a global manufacturing footprint to enhance its competitiveness in international markets, and expand its pipeline of innovative products through R&D facilities in the U.S. and. Rayonier Advanced Materials is a leading global supplier of high purity cellulose, a natural polymer commonly used in applications such as cell phones, computer screens, filters, textiles and pharmaceuticals. Tembec shareholders will have the right to elect to receive either (i) C$4.05 in cash or (ii) 0.2302 of a share of Rayonier Advanced Materials common stock, for each Tembec common share. Rayonier Advanced Materials recently announced a definitive agreement under which Rayonier Advanced Materials will acquire Tembec. The purchase price of approximately US$807 million, including the assumption of US$487 million of debt net of cash, represents a multiple of 4.6 times LTM pro forma EBITDA after expected synergies or 6.3 times before synergies. Report this profile About Dany joined Tembec in September 2015 with a mandate to transform one of the largest forest products manufacturing sites in North America into a world-class operation. Beforehand, they will have to contact Anik Le Marquand at 514-843-2342 who will explain the procedure for virtual access to the press conference. Mar 16, 2017: Add Files. 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