- Rayonier
Rayonier Nyse|RYN is the seventh largest private owner of
timber land in theUnited States . In addition to its U.S. holdings, Rayonier also owns land inChile andNew Zealand .Fact|date=September 2008Headquartered in
Jacksonville, Florida , Rayonier was founded in 1926 as the Rainier Pulp and Paper Company. Its first mill opened the next year inShelton, Washington , on theOlympic Peninsula . In 1931, Rainier Pulp and Paper began working withDu Pont to produce hemlock pulp for the manufacture ofrayon .Rainier Pulp and Paper changed its name to Rayonier, a merger of "rayon" and "Rainier", in 1937, when it became a publicly traded company.
ITT purchased the company in 1968 and changed its name to ITT Rayonier. It was spun off from ITT in 1994. It converted to areal estate investment trust onJanuary 1 ,2004 [ [http://www.rayonier.com/History.aspx Rayonier, Inc. History] Accessed 2008-09-25] .In March 2008, it purchased $215 million worth of real estate from Sierra Pacific [ [http://www.reuters.com/article/mergersNews/idUSWNAS458720080312 Rayonier to buy timberlands for $215 mln] Accessed 2008-09-25]
References
External links
* [http://www.rayonier.com Rayonier's official website]
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