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Rayonier Advanced Materials Inc. more than doubled in size and briefly entered the Fortune 1000 in 2019 after acquiring Montreal-based Tembec Inc. in late 2017.
However, the Jacksonville-based company is getting smaller as it sheds some of the Canadian operations acquired from Tembec to focus on its core cellulose specialties products.
Rayonier AM announced a deal April 12 to sell six lumber mills and one newsprint mill in Canada to Vancouver-based GreenFirst Forest Products Inc. for $214 million.
That deal follows a 2019 sale of a pulp mill in Quebec to South Africa-based Sappi Ltd. for $175 million.
After acquiring Tembec, Rayonier AM’s revenue jumped from $961 million in 2017 to $2.13 billion in 2018, vaulting the company into 951st place on Fortune magazine’s annual list of the 1,000 largest U.S. companies.
The Global
Square Baler Market is set to rise exponentially during the forecast period 2020 -2025, according to an extensive report published by Decisive Markets Insights. The main factor fuelling the business is drastic technological advancement, witnessed during the last decade and it is still changing. The global business is in the surge due to the increase in consumer demands and rising population as well.
Square Baler Market Key Dynamics-
Major competitors are exploring options to widening their base in different regions of the world and closely monitoring the market trends. Some regions of the world like North America, Asia Pacific and Europe has huge potential to give profitable returns. Therefore, to understand the entire market at the macro and micro level a detailed report is very much necessary and this is provided by Decisive Markets Insights. The report covers an extensive area to study the market and growing business in detail. Every important aspects of market are