Rayonier and PotlatchDeltic Announce Closing of Merger of Equals

WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier (NYSE: RYN) today announced the closing of its merger with PotlatchDeltic Corporation. The combined company owns over four million acres of geographically diverse timberland in the United States, and operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program. Mark McHugh, President and Chief Executive Officer of Rayonier, said, “We are excited to close this strategic merg