2017 Press Releases

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11/20/17Rayonier Advanced Materials Completes Acquisition of Tembec
JACKSONVILLE, Fla. & MONTREAL--(BUSINESS WIRE)--Nov. 20, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today 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 stronge... 
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11/01/17Rayonier Advanced Materials Reports Third Quarter 2017 Results
Third quarter net income of $16 million and pro forma EBITDA of $44 million unfavorably impacted by $3 million and $5 million, respectively, due to Hurricane Irma Full year projected net income and pro forma EBITDA now anticipated to be approximately $25 million and $180 million, respectively, which includes the impact of Hurricane Irma and previously announced major customer operational upset in the fourth quarter ... 
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10/20/17Rayonier Advanced Materials Announces Revenue Impact from Major Customer’s Operational Upset
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 20, 2017-- Rayonier Advanced Materials (NYSE: RYAM) announced today that due to an operational upset earlier this month at a major customer, sales volumes in 2017 for its cellulose specialties products are anticipated to be lower than previously expected. Based on currently available information from the customer, the impact to the Company’s revenue is estimated to be between $15 and $30 million, or approximately... 
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10/19/17Rayonier Advanced Materials Schedules Third Quarter Earnings Release
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its third quarter 2017 earnings on November 1, 2017, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Thursday, November 2, 2017, at 11:00 a.m. ET to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. A ... 
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10/18/17Rayonier Advanced Materials Announces Fourth Quarter 2017 Dividends on the Company’s Mandatory Convertible Preferred Stock and Common Stock
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 18, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company. The dividend is payable on November 15, 2017 to stockholders of record on November 1, 2017. The Company’s board of directors also declared a fourth quarter cash dividend o... 
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09/21/17Rayonier Advanced Materials and Tembec Provide Update on Transaction
JACKSONVILLE, Fla. & MONTREAL--(BUSINESS WIRE)--Sep. 21, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“Rayonier Advanced Materials”) and Tembec Inc. (TSX: TMB) (“Tembec”) announced today that, as a result of legislation that went into effect today, approval of the acquisition by Rayonier Advanced Materials of all of the outstanding shares of Tembec (the “Transaction”) under the Investment Canada Act (the “ICA”) is no longer required as a closing... 
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09/19/17Rayonier Advanced Materials Expects $7 Million Net Income and $12 Million Pro Forma EBITDA Impact from Hurricane Irma
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sep. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that operations at its Fernandina Beach, Fla. and Jesup, Ga. facilities are back running at full capacity after an orderly shutdown of operations due to Hurricane Irma. Due to the production interruption and the costs to restart operations, the Company expects a $6 million impact to Net Income and a $9 million impact to Pro Forma EBITDA. Addi... 
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09/12/17Rayonier Advanced Materials Announces Restart of Operations after Hurricane Irma
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sep. 12, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced that it is beginning to restart core systems today at its Fernandina Beach, Fla. and Jesup, Ga. facilities after Hurricane Irma passed through the area. The Company expects operations to be running at full production capacity by the weekend. The pre-emptive shutdown was managed safely with no injuries and limited physical damage to the facilities. ... 
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09/08/17Rayonier Advanced Materials Temporarily Suspends Operations Due to Hurricane Irma
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sep. 8, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced that it is temporarily suspending operations beginning today at its Fernandina Beach, Fla. and Jesup, Ga. facilities as the threat of Hurricane Irma is leading to mandatory evacuations in the area and impacting the supply of raw materials. In preparation for the hurricane, it is in the best interest of the Company, its employees and our communities ... 
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08/18/17Rayonier Advanced Materials and Tembec Announce Antitrust Clearance from the Competition Bureau of Canada in Connection with the Transaction
JACKSONVILLE, Fla. & MONTREAL, Quebec--(BUSINESS WIRE)--Aug. 18, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“Rayonier Advanced Materials”) and Tembec Inc. (TSX: TMB) (“Tembec”) announced today that they received clearance from the Competition Bureau of Canada (the “Competition Bureau”), without condition, of the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act (the “Transaction”) inv... 
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08/11/17Rayonier Advanced Materials and Tembec Announce Antitrust Clearance from Chinese Ministry of Commerce in Connection with the Transaction
JACKSONVILLE, Fla. & MONTREAL, Québec--(BUSINESS WIRE)--Aug. 11, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) (“Rayonier Advanced Materials”) and Tembec Inc. (TSX:TMB) (“Tembec”) announced today that they received notification from the Anti-Monopoly Bureau of the Ministry of Commerce of the People’s Republic of China (often referred to as MOFCOM) that it has cleared, without condition, the previously announced proposed statutory arrangement under ... 
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08/07/17Rayonier Advanced Materials and Tembec Announce Approval from Superior Court of Québec in Connection with Transaction
JACKSONVILLE, Fla. & MONTREAL--(BUSINESS WIRE)--Aug. 7, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“Rayonier Advanced Materials”) and Tembec Inc. (TSX: TMB) (“Tembec”) announced today that the Québec Superior Court issued a final order approving the previously announced statutory arrangement under Section 192 of the Canada Business Corporations Act (the “Transaction”) involving the acquisition by Rayonier Advanced Materials of all of the outst... 
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08/02/17Rayonier Advanced Materials Reports Second Quarter 2017 Results
Second quarter net income of $5 million impacted by unfavorable sales mix and acquisition costs; full year projected net income of $32 to $39 million Reaffirming pro forma EBITDA guidance at the high-end of $190 to $200 million initial range On-track for $30 million of cost transformation improvements in 2017 with $15 million achieved year-to-date Acquisition of Tembec approved by its s... 
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07/31/17Rayonier Advanced Materials and Tembec Announce Termination of the Hart-Scott-Rodino Waiting Period
JACKSONVILLE, Fla. & MONTREAL--(BUSINESS WIRE)--Jul. 31, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“Rayonier Advanced Materials”) and Tembec Inc. (TSX: TMB) (“Tembec”) announced today that they received notification from the United States Department of Justice and the Federal Trade Commission that the Hart-Scott-Rodino premerger notification waiting period was terminated as of 3:32 p.m. ET on July 31, 2017 in connection with the previously an... 
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07/27/17Tembec Shareholders Approve Transaction with Rayonier Advanced Materials
JACKSONVILLE, Fla. & MONTREAL--(BUSINESS WIRE)--Jul. 27, 2017-- Rayonier Advanced Materials Inc. (“Rayonier Advanced Materials”) (NYSE: RYAM) and Tembec Inc. (“Tembec”) (TSX: TMB) today announced that the holders of record of its common shares (the "Tembec Shareholders") have approved the resolution (the "Arrangement Resolution") authorizing the previously announced statutory arrangement under Section 192 of the Canada Business Corporations Act (the "Tra... 
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07/23/17Rayonier Advanced Materials and Tembec Announce Increase in Consideration under Amended Arrangement Agreement
Increased Consideration Valued at C$4.75 Oaktree and Bennett Management Agree to Vote in Favor of the Arrangement Tembec shareholders should submit or update their proxies or voting instructions in advance of the meeting without delay JACKSONVILLE, Fla. & MONTREAL--(BUSINESS WIRE)--Jul. 23, 2017-- Rayonier Advanced Materials Inc. (“Rayonier Advanced Materials”) (NYSE: RYAM) and Tembec Inc. (“Temb... 
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07/20/17Rayonier Advanced Materials Announces Third Quarter 2017 Dividends on the Company’s Mandatory Convertible Preferred Stock and Common Stock
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jul. 20, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a third quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company. The dividend is payable on August 15, 2017 to the preferred stockholders of record on August 1, 2017. The Company’s board of directors also declared a third quarter cash di... 
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07/19/17Rayonier Advanced Materials Schedules Second Quarter Earnings Release
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jul. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its second quarter 2017 earnings on August 2, 2017, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Thursday, August 3, 2017, at 11:00 a.m. ET to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. A rep... 
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07/17/17Rayonier Advanced Materials Reiterates Commitment to Acquire Tembec on Agreed Terms
Transaction provides compelling value to Tembec shareholders JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jul. 17, 2017-- Rayonier Advanced Materials Inc. (the “Company” or “Rayonier Advanced Materials”) (NYSE: RYAM) today reaffirmed its commitment to acquire Tembec Inc. (“Tembec”) (TSX: TMB) on the terms previously agreed with Tembec. The Company believes that the previously announced arrangement consideration of C$4.05 in cash or 0.2302 of a share of Rayon... 
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07/13/17Rayonier Advanced Materials and Tembec Announce Clearance from Germany's Federal Cartel Office
JACKSONVILLE, Fla. & MONTREAL--(BUSINESS WIRE)--Jul. 13, 2017-- Rayonier Advanced Materials Inc. (NYSE: RYAM) (“Rayonier AM”) and Tembec Inc. (TSX: TMB) (“Tembec” or the “Company”) announced today that they have received notification of clearance from Germany's Federal Cartel Office in connection with the previously announced proposed statutory arrangement under Section 192 of the Canada Business Corporations Act (the “Transaction”) involving the ... 
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05/25/17Rayonier Advanced Materials to Acquire Tembec, Creating a Diversified Global Leader in High Purity Cellulose, Packaging, Paper, High-Yield Pulp and Forest Products
- Immediately accretive to Rayonier Advanced Materials while delivering a significant premium at C$4.05 per share to Tembec shareholders - Combined company approximately US$2 billion in revenue and US$400 million in EBITDA including full synergies - Company to benefit from enhanced scale and projected combined cost synergies of US$50 million, to be achieved over 3 years - Complementary products, operations and geographies create earnings stability and growth opportunities - Rayonier ... 
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05/23/17Rayonier Advanced Materials Announces Second Quarter 2017 Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 23, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.07 per share of common stock of the Company. The dividend is payable on June 30, 2017 to holders of common stock of record on June 16, 2017. About Rayonier Advanced Materials Rayonier Advanced Materials is the leading global supplier ... 
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05/01/17Rayonier Advanced Materials Reports First Quarter 2017 Results
Q1 2017 net income and EBITDA of $10 million and $48 million, respectively Q1 2017 Cost Transformation improvements of $7 million achieved; solidly on-track for $30 million in 2017 Net income and EBITDA anticipated at high-end of 2017 guidance Raising Cash Flow from Operations and Free Cash Flow guidance by $10 million JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 1, 2017-- ... 
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04/19/17Rayonier Advanced Materials Schedules First Quarter Earnings Release
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Apr. 19, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its first quarter 2017 earnings on May 1, 2017, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, May 2, 2017, at 10:00 a.m. ET to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. A replay of t... 
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03/24/17Rayonier Advanced Materials Announces Second Quarter 2017 Mandatory Convertible Preferred Stock Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Mar. 24, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a second quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company. The dividend is payable on May 15, 2017 to stockholders of record on May 1, 2017. About Rayonier Advanced Materials Rayonier Advanced Materials is the leading glob... 
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02/24/17Rayonier Advanced Materials Announces First Quarter 2017 Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Feb. 24, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.07 per share of common stock of the Company. The dividend is payable on March 31, 2017 to holders of common stock of record on March 17, 2017. About Rayonier Advanced Materials Rayonier Advanced Materials is the leading global supplie... 
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02/23/17Rayonier Advanced Materials Schedules Investor Day Conference
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Feb. 23, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) will host an Investor Day webcast on Thursday, March 16, 2017, at 9:00 AM ET. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. A replay of this webcast will be archived on the company’s website shortly after the presentation. To access our Investor Day webcast please click here. ... 
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01/30/17Rayonier Advanced Materials Reports Full Year 2016 Results
Strong performance drives results exceeding 2016 guidance Full year 2016 net income and pro forma EBITDA of $73 million and $226 million, respectively $50 million of Cost Improvements achieved in 2016; surpassing target by $10 million Strategic focus on Cost Transformation, Market Optimization, New Products and Acquisitions JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jan. 30, 2017-- ... 
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01/17/17Rayonier Advanced Materials Announces First Quarter 2017 Mandatory Convertible Preferred Stock Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jan. 17, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) announced today that the Company’s board of directors has declared a first quarter cash dividend of $2.00 per share of Mandatory Convertible Preferred Stock of the Company. The dividend is payable on February 15, 2017 to the preferred stockholders of record on February 1, 2017. About Rayonier Advanced Materials Rayonier Advanced Materi... 
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01/12/17Rayonier Advanced Materials Schedules Fourth Quarter Earnings Release
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Jan. 12, 2017-- Rayonier Advanced Materials Inc. (NYSE:RYAM) plans to release its fourth quarter 2016 earnings on January 30, 2017, after the market closes. Rayonier Advanced Materials will host a conference call and live webcast on Tuesday, January 31, 2017, at 10:00 a.m. EST to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonieram.com. A... 
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