public traded as nyse ryam industry chemicals founded 2014 headquarters riverplace tower 1301 riverplace blvd suite 2300 jacksonville florida key people paul g. boynton chairman & ceo bensen woo cfo products products list acetate cellulose ethers raylig soap turpentine revenue 1.7 billion usd 2013 1 prior to split net income 374 million usd 2013 1 prior to split number of employees 1200 website rayonieram.com footnotes references 1 2 rayonier advanced materials is an american chemical company specializing in cellulose based products . headquartered in jacksonville florida it produces more than 25 grades of high purity performance fibers for products ranging from food cosmetics and pharmaceuticals to paints filters impact resistant plastics and digital display screens . 3 in 2014 rayonier and rayonier advanced materials split into separate companies . rayonier retained the real estate and forest resource components while rayonier advanced materials took over management of the performance fibers division . 2 4 contents 1 history 1.1 20th century 1.2 21st century 1.3 creation of rayonier advanced materials 2 references 3 external links history edit 20th century edit this file is an exact duplicate or scaled down version of file rayonier . there should be no exact copies of an image . after replacing all instances with the preferred file the others should be speedily deleted under criterion f1 . admins follow the directions on wikipedia speedy deletions . do not delete the file until all uses have been replaced only use for files that are exact duplicates rayonier advanced materials roots are traced back to 1926 with the founding of rainier pulp and paper company in san francisco california . its first mill opened the next year in shelton washington and port angeles on the olympic peninsula . the mill used tsuga heterophylla western hemlock trees to create a premium bleached paper pulp . in 1931 rainier pulp and paper began working with the du pont chemical company to produce hemlock pulp for the manufacture of rayon . two additional pulp mills were constructed and began operation in the state of washington . rainier pulp and paper changed its name to rayonier a portmanteau of the words rayon and rainier in 1937 when it became a publicly traded company . the following year the company acquired timber stands in the southeastern united states and began construction of a fernandina beach florida pulp mill which began production in 1939 . in 1944 the company moved its offices to new york city . as world war ii ended rayonier began making large land purchases in the pacific northwest . the rayonier foundation was created in 1952 to provide assistance to charitable civic and education organizations in the communities where rayonier did business . rayonier opened international sales offices in europe and asia during 1954 . that same year another pulp mill in the southeast was constructed at jesup georgia . high demand prompted the facility to double its capacity by 1957 . itt purchased the company in 1968 and the name changed to itt rayonier . the jesup mill grew larger in 1974 becoming the largest pulp mill on earth . company headquarters were moved again in 1978 ; this time to stamford connecticut . diplomatic relations with china were restored in 1979 . the following year rayonier received orders for pulp and logs . it took almost five years to receive permission to open an office in beijing china in 1985 . a log trading office was opened in new zealand during 1988 . the new zealand government sold rayonier 250 000 acres 1 000 km2 of timberland in 1992 . the company was spun off from itt in 1994 with the company name reverting to rayonier and shares again traded on the new york stock exchange . rayonier purchased 969 000 acres 3 920 km2 of timberland in florida georgia and alabama in 1999 then relocated the corporate offices to jacksonville florida to be closer to company employees and properties . 5 21st century edit rayonier converted to a real estate investment trust reit on january 1 2004 . 6 terrapointe llc was established in 2005 to manage properties with development potential . the 2006 purchase of 228 000 acres 920 km2 in six states brought the company s total of land owned leased or managed to 2 600 000 acres 11 000 km2 in the u.s. and new zealand . in march 2008 the company purchased 56 300 acres 228 km2 for 215 million in southwest washington state from sierra pacific 7 in march 2013 the company sold its wood products division including its mills in baxley swainsboro and eatonton georgia to british columbia based international forest products interfor for 80 million . 8 in april 2013 the company increased its shareholding in the joint venture matariki forestry group in new zealand from 26 % to 65 % for 140 million . 1 creation of rayonier advanced materials edit in june 2014 the company split its operations into two independent companies performance fibers on one hand is named rayonier advanced materials nyse ryam and forest resources together with real estate as a reit on the other hand continues as rayonier inc. headed by david l. nunes as its new ceo . 9 10 shareholders of rayonier have received one share of the new rayonier advanced materials company for every three shares of rayonier on june 27 2014 . 2 4 references edit a b c d rayonier annual report 2013 10k . retrieved 22 april 2014 . a b c rayonier completes separation of rayonier advanced materials . retrieved 5 july 2014 . what we do . rayonier advanced materials . retrieved 10 november 2014 . a b rss news release concerning spin off retrieved 28 may 2014 florida trend september 1 2008 florida companies with promise by amy keller rayonier inc. history accessed 2008 09 25 rayonier to buy timberlands for 215 mln accessed 2008 09 25 interfor buys three georgia sawmills from rayonier for 80 million . canadian business . retrieved 6 march 2013 . separation of performance fibers pdf . rayonier . january 27 2014 . retrieved 23 april 2014 . rayonier names david nunes post separation ceo for rayonier pdf . rayonier . may 12 2014 . retrieved 21 may 2014 . external links edit official website v t e jacksonville area based corporations list of companies in jacksonville florida fortune 1000 corporations 2015 rank csx corporation 240 fidelity national financial 314 fis 422 landstar system 719 publicly traded corporations ameris bancorp atlantic coast financial black knight financial services everbank frp holdings patriot transportation rayonier rayonier advanced materials regency centers stein mart web.com privately held businesses acosta sales & marketing availity axia public relations bloch publishing company crowley maritime elkins constructors fanatics firehouse subs florida blue florida east coast railway gate petroleum haskell company huckins yacht corporation i wear your shirt jacksonville free press kbj architects larry s giant subs m. d. moody & sons mac papers medmal direct insurance company metro jacksonville mobro marine pga tour reynolds smith & hills ring power safariland st. vincent s healthcare sally corporation seward trunk co. southeastern grocers stellar group swisher international group trailer bridge us assure vystar credit union us headquarters of foreign businesses adecco group north america association of tennis professionals beeline buffet group usa h egh autoliners northgate information solutions survitec group north america venus fashion otto division headquarters of us corporations florida coastal school of law infilaw system the florida times union morris communications foundation financial group interline brands the home depot parallel infrastructure florida east coast industries pss world medical mckesson corporation southeast toyota distributors jm family enterprises unison industries ge aviation vistakon johnson & johnson retrieved from https en.wikipedia.org w index.php title rayonier advanced materials & oldid 740183408 categories companies 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