May 28, 2014

Rayonier has officially made the planned split of its Performance Fibers business unit, which is heretoforth to be known as Rayonier Advanced Materials.

May 13, 2014

David Nunes is leaving his post as president and CEO of Pope Resources in order to take the helm of Rayonier, Inc. when the company eventually splits later this year. For now, however, he's onboarding as Rayonier's COO.

Effective June 9, Nunes will assume his interim role, in which he will be tasked with helping to finalize the separation of the company.

January 27, 2014

Rayonier Inc. posted full-year net income of $372 million, up 33.3% from 2012's take-home total of $279 million.

Net sales for the quarter came in at $520.2 million, a 35.2% increase over the third quarter of 2013 and a 26.0% year-ago improvement. Full-year sales were $1.25 billion, also up from 2012's $1.03 billion.

Finally, net income for the fourth quarter ended Dec. 31 was $80 million, compared to $76 million during the same period last year.

January 27, 2014

Jacksonville, Fla.-based forest products company Rayonier is going through a bit of a breakup. The company announced Monday that it is spinning off its fibers business from its forest resources and real estate business, forming two separate publicly traded companies.

“With an improving U.S. housing market, strong timber export markets, and the successful expansion of our cellulose specialties capacity, we concluded that now is the optimal time to pursue the separation of these two non-integrated businesses,” said chairman, president and CEO Paul Boynton.