# Rayonier Advanced Materials to acquire Tembec for about US$807M

Rayonier Advanced Materials agreed to acquire Tembec in a deal with a purchase price of about US$807 million including US$487 million of net debt assumed, with Tembec shareholders receiving C$4.05 cash or shares.

- Type: Acquisition
- Announced: 2017-05-25
- Where: Canada
- Value: $807.0M
- Status: announced
- Products: high purity cellulose, packaging, paper, high-yield pulp, forest products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/rayonier-advanced-materials-to-acquire-tembec-creating-a-diversified-global-leader-in-high-purity-cellulose-packaging-paper-high-yield-pulp-and-forest-products-300463696.html), 2017-05-25: "The purchase price of approximately US$807 million, including the assumption of US$487 million of debt net of cash, represents a multiple of 4.6 times LTM pro forma EBITDA after expected synergies."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/rayonier-advanced-materials-to-acquire-tembec-creating-a-diversified-global-leader-in-high-purity-cellulose-packaging-paper-high-yield-pulp-and-forest-products-624293234.html), 2017-05-25: "The purchase price of approximately US$807 million, including the assumption of US$487 million of debt net of cash, represents a multiple of 4.6 times LTM pro forma EBITDA after expected synergies."

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