Ryonier announces strategic review, plans to double down on renewables
In Florida, Rayonier Advanced Materials, a major producer of biobased cellulose products, has announced a comprehensive review of strategic alternatives as the company positions itself to capture rising global demand for renewable materials. The Jacksonville‑based manufacturer, whose cellulose specialties are used in everything from pharmaceuticals to high‑performance plastics, said it has hired Morgan Stanley as financial advisor and Wachtell, Lipton, Rosen & Katz as legal counsel to support the process.
The review comes as Rayonier continues expanding its portfolio of sustainable, wood‑derived materials—including biofuels, lignin‑based products, and cellulose derivatives that serve as low‑carbon alternatives to fossil‑based inputs. With interest in renewable materials accelerating across packaging, industrial, and consumer markets, the company said it is evaluating options that could strengthen its ability to scale these climate‑aligned technologies.
Rayonier’s board also established an interim Office of the CEO following the resignation of CEO Scott M. Sutton. The interim leadership team includes senior executives from finance, manufacturing, biomaterials, and legal, ensuring continuity as the company navigates both the transition and the strategic evaluation.
Category: Chemicals & Materials
