Rayonier Advanced Materials Completes Tembec Acquisition

Rayonier Advanced Materials Inc. (NYSE:RYAM) announced 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. The combined company, which will operate under the name Rayonier Advanced Materials, will be a stronger, more diversified global leader in its core businesses with an expanded international footprint that further positions it to serve the larger customer base with the highest quality products and services. In addition, the combined company offers enhanced new product development capabilities, a broader and more versatile asset base, and the financial strength to invest back into its businesses for continued growth.

KAUFHOLD & REVEILLAUD, Avocats commented:

Within the framework of the acquisition of 100% of the shares of Tembec Inc. by Rayonier Advanced Materials on 17 November 2017 (the “Acquisition”), Kaufhold & Reveillaud, Avocats (“KR”) advised Rayonier Advanced Materials with respect to the incorporation of a common limited partnership and a private limited liability company. KR also advised Rayonier Advanced Materials with respect to the funding partly in equity and partly in debt of the newly incorporated limited liability company designated as the acquiring entity to complete the Acquisition. The two main professionals involved in this transaction were Emmanuel Réveillaud, Partner, and Matthieu Groetzinger, Counsel.

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