timber founded 1926 headquarters one enterprise center 225 water street suite 1400 jacksonville florida key people richard kincaid chairman david l. nunes president & ceo mark mchugh svp & chief financial officer 1 products timber real estate revenue us 545 million 2015 2 net income us 46 million 2015 2 number of employees 325 240 in us 2 website rayonier.com footnotes references 1 3 rayonier headquartered in jacksonville florida is the seventh largest private timberland owner in the united states with 2 191 000 acres 8 870 km2 owned or leased in the us southeast texas and the pacific northwest providing geographic diversity . leases accounted for only 185 000 acres 750 km2 in the u.s. in addition to its u.s. holdings rayonier also owns or leases 497 000 acres 2 010 km2 of land in new zealand . there the leased land accounted for 254 000 acres 1 030 km2 . 2 contents 1 history 2 business segments 3 references 4 external links history edit rayonier was founded in 1926 as the rainier pulp and paper company with an office in san francisco california . its name was based on mount rainier . its first mill opened the next year in shelton washington and port angeles washington 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 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 . 4 rayonier converted to a real estate investment trust reit on january 1 2004 . 5 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 6 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 . 7 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 . 3 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 . 8 9 shareholders of rayonier have received one share of the new rayonier advanced materials company for every three shares of rayonier on june 27 2014 . 1 10 business segments edit timber 69 % of total sales for 2015 u.s. real estate 16 % of total sales for 2015 trading 15 % of total sales for 2015 . 2 references edit a b c rayonier completes separation of rayonier advanced materials . retrieved 5 july 2014 . a b c d e rayonier annual report 2015 10k . retrieved 5 april 2016 . a b rayonier annual report 2013 10k . retrieved 22 april 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 . retrieved 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 . rss news release concerning spin off retrieved 28 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 & oldid 741673377 categories companies listed on the new york stock exchangereal estate investment trustscompanies based in jacksonville floridaforest products companies of the united statesreal estate companies of the united stateshidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 29 september 2016 at 00 25 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view