GreenFirst Forest Products to acquire the lumber and newsprint businesses of Rayonier Advanced Materials for $214m.

GreenFirst Forest Products to acquire the lumber and newsprint businesses of Rayonier Advanced Materials for $214m. "The sale of the lumber and newsprint businesses allows us to divest non-core assets at an attractive valuation and positions Rayonier Advanced Materials to further invest in the earnings growth of our core High Purity Cellulose assets and its biofuture while also reducing overall debt. Through our ongoing ownership in GreenFirst, we expect to participate in further upside while maintaining optionality to monetize at an appropriate time," Paul G. Boynton, Rayonier Advanced Materials President and CEO.