Rayonier and PotlatchDeltic Close Merger

Rayonier has announced the closing of its merger of equals with PotlatchDeltic Corporation, creating a combined company that owns more than four million acres of geographically diverse timberland in the US.

The company operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program.

The combined company will initially retain the Rayonier name. Its common stock began trading on the New York Stock Exchange under the ticker symbol RYN on February 2. A new name and ticker symbol will be announced later in Q1.

The senior leadership team of the combined company includes executives from both firms:

• Mark D. McHugh, President and Chief Executive Officer
• Wayne Wasechek, EVP and Chief Financial Officer
• Mark R. Bridwell, EVP, General Counsel & Corporate Secretary
• Ashlee Townsend Cribb, EVP, Wood Products
• W. Rhett Rogers, EVP, Land Resources
• Christopher T. Corr, SVP, Real Estate Development
• Robert L. Schwartz, SVP and Chief Human Resources Officer
• April J. Tice, SVP and Chief Accounting Officer
• Anna E. Torma, SVP and Chief Sustainability Officer

The new Board of Directors comprises five legacy Rayonier directors and five legacy PotlatchDeltic directors. Eric J. Cremers will serve as Executive Chairman, and Scott R. Jones as Lead Independent Director.

In a statement, Mark D. McHugh, President and Chief Executive Officer of Rayonier, said:

“We are excited to close this strategic merger of equals, and we are confident that combining these two exceptional land resources companies will generate meaningful value creation for our shareholders and other stakeholders.”