Tembec sawmill has a new, U.S.-based owner

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The signs may have changed but it’s mostly business at usual at the former Tembec sawmill on Old North Road. The Canadian forestry company was taken over by Florida-based global manufacturer Rayonier Advanced Materials (RYAM) on November 20.

The Huntsville facility produces hardwood lumber products. According to the company’s website, its annual production capacity is 30 million board feet — a board foot is the equivalent of a one-inch thick, one-foot square board.

Tembec’s other Ontario-based mills are in Chapleau, Cochrane, Hearst, and Kapuskasing. It also has locations in Quebec, the U.S. and France. RYAM has said the Tembec sites will continue their forestry operations.

With the takeover, reportedly valued at $1.1 billion, RYAM’s worldwide operations now include lumber, paper, packaging, and high purity cellulose which is used in such diverse applications as LCD screens, paint, tires, and textiles.

“Rayonier Advanced Materials and Tembec are not only a good strategic fit, but we are also an excellent cultural fit,” said Paul Boynton, Chairman, President and Chief Executive Officer of Rayonier Advanced Materials in a media release. “We are excited to welcome the Tembec employees to Rayonier Advanced Materials as we continue to execute on our four strategic pillars of growth.”

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1 Comment

  1. Business as usual? Not so, when any Canadian company is purchased by American suitors. And lumber has been one of the most contentious items under NAFTA.

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