Rayonier seals Tembec takeover

MONTREAL — Rayonier Advanced Materials announced that it has completed the acquisition of Tembec announced in May and approved by Tembec shareholders in July. The combined cellulose businesses will operate under the Rayonier name. Chairman, CEO, and President Paul Boynton welcomed the integration of Tembec in a release, calling the two companies “not only a good strategic fit but … also an excellent cultural fit”.