Market Overview

Rayonier Raises Texas Timberland Ownership, Buys 62.6K Acres for $88M

Share:
Related RYN
Benzinga's Top Downgrades
Jim Cramer Advises His Viewers On Hain Celestial, Radian, Rayonier, Dow Chemical And Du Pont De Nemours

Rayonier (NYSE: RYN) today announced it has acquired approximately 62,600 acres of timberlands in East Texas. The property, purchased from a private ownership group for $88 million, or $1,406 per acre, brings the company's total ownership in Texas to over 150,000 acres.

The timberlands are located principally in Liberty, Polk and Trinity counties. Rayonier owns, leases or manages approximately 2.7 million acres in 10 states in the U.S. and New Zealand.

Posted-In: News M&A

 

Related Articles (RYN)

View Comments and Join the Discussion!