Rayonier joins consortium.RAYONIER Rayonier NYSE: RYN is the seventh largest private owner of timberland in the United States. It also owns land in New Zealand. Headquartered in Jacksonville, Florida, Rayonier was founded in 1926 as the Rainier Pulp and Paper Company. JOINS CONSORTIUM. Rayonier, Jacksonville, Florida “Jacksonville” redirects here. For other uses, see Jacksonville (disambiguation). Jacksonville is the largest city in the state of Florida and the county seat of Duval County. , USA announced that it is part of a consortium led by RREEF Infrastructure, the global infrastructure investing arm of Deutsche Asset Management, which has agreed to purchase 235,000 acres of New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. timberland from Carter Holt Harvey Carter Holt Harvey is an Australasian forest products company, with significant interests in wood products, pulp, paper and packaging. The company employs approximately 10,500 people across Australasia. for approximately US$ 296 million (at a New Zealand/U.S. dollar exchange rate of .68). The consortium has also agreed to purchase Rayonier's New Zealand timberland assets of 118,000 acres for approximately US$ 184 million. |
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