# Rayonier Advanced Materials acquires Tembec

Rayonier Advanced Materials completed its acquisition of Tembec, a publicly traded Canadian company, creating the leading global supplier of specialty cellulose. The deal closed on November 20, 2017.

- Type: Acquisition
- Announced: 2017-11-17
- Value: $250.0M (317.0M CAD)
- Status: completed
- Products: specialty cellulose
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Rayonier Advanced Materials](https://endata.com/companies/1485.md) (acquirer)
- [Tembec](https://endata.com/companies/1486.md) (target)

## Sources

- [cahill.com](https://www.cahill.com/news/firm-news/2017-11-20-cahill-represents-tembec-in-acquisition-by-rayonier-advanced-materials), 2017-11-20: "The deal closed on November 20, 2017 creating the leading global supplier of specialty cellulose"
- [getfilings.com](https://getfilings.com/sec-filings/180130/RAYONIER-ADVANCED-MATERIALS-INC_8-K.A/ex992proformafinancialstat.htm), 2018-01-30: "Rayonier to acquire all of the outstanding common shares of Tembec for an aggregate purchase consideration of approximately C$317 million in cash and 8.4 million shares of the Company’s common stock"

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