# Rayonier and PotlatchDeltic to merge in all-stock deal

Rayonier and PotlatchDeltic have entered into a definitive agreement to combine in an all-stock merger of equals, creating a leading land resources REIT with a pro forma equity market capitalization of $7.1 billion. The transaction is expected to close in late Q1 or early Q2 2026.

- Type: Acquisition
- Announced: 2025-10-14
- Where: United States
- Status: announced
- Products: timber, lumber, plywood
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Rayonier](https://endata.com/companies/34881.md) (acquirer)
- [PotlatchDeltic](https://endata.com/companies/87837.md) (target)

## Sources

- [ir.rayonier.com](https://ir.rayonier.com/news/news-details/2025/Rayonier-and-PotlatchDeltic-to-Combine-in-an-All-Stock-Merger-of-Equals-to-Create-a-Leading-Land-Resources-REIT/default.aspx), 2025-10-14: "Rayonier and PotlatchDeltic today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a leading domestic land resources owner and top-tier lumber manufacturer."
- [ir.rayonier.com](https://ir.rayonier.com/news/news-details/2025/Rayonier-and-PotlatchDeltic-to-Combine-in-an-All-Stock-Merger-of-Equals-to-Create-a-Leading-Land-Resources-REIT-10-14-2025/default.aspx), 2025-10-14: "Rayonier and PotlatchDeltic today announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a leading domestic land resources owner and top-tier lumber manufacturer."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.