Two-plant operator in Aichi becomes Rengo affiliate after investment follows 2024 supply agreement.
Modal saham
Transaction follows right of first refusal exercise as tall oil partner since 2008 exits ownership.
The merger will combine 4.2 million acres of timberland under the Rayonier name.
Joint venture expands production network to France and Italy, targeting e-commerce and distribution centers across Europe.
Agreement enters into force on December 31, 2025 after regulatory approvals and includes reciprocal wood supply and ownership changes.
Offer price represents a 25% premium to current trading value, with deal expected to close in Q1 2026.
Joint venture with Power Packaging adds Euro 4 million in annual revenue and expertise in complex, customised solutions.
This transformational partnership creates North American log, timber frame and mass timber construction provider.
Combined company will control 4.2 million acres of timberland and 1.2 billion board feet in lumber capacity.