Rayonier Advanced Materials Plans Expansion of its Jacksonville Headquarters
Jacksonville-based Rayonier Advanced Materials (NYSE: RYAM) announced today that it will add 79 new, high-paying positions to its downtown headquarters by 2022. The move follows the specialty chemical company’s late-2017 acquisition of Canadian forest products and highly purified cellulose company, Tembec, which roughly doubled the company’s size to over $2 billion in annual revenues and added over 15 operating plants in Canada and Europe.
“We’re immensely proud to call Jacksonville ‘home,’” said Paul Boynton, Chairman, President and CEO of Rayonier Advanced Materials. “This local expansion is an important milestone in a broader plan to strengthen our company’s global competitiveness. After going public in 2014 and acquiring Tembec in 2017, Rayonier Advanced Materials has continued to build on its momentum and our Jacksonville footprint is growing as a result. This city’s dynamic leadership, excellent business climate and our own rich history here make it the perfect place to pursue growth.”
The new jobs will fill professional and administrative roles to support Rayonier Advancement Materials’ international operations. The expansion also secures 80 full-time jobs that are currently based at the company’s global headquarters in downtown Jacksonville. RYAM’s 2017 acquisition of Tembec created a new industry leader in the manufacture of cellulose specialties—a high-purity product commonly found in cell phones, eyeglasses, filters and pharmaceuticals.
“It’s exciting to see a Jacksonville company thrive, grow and invest in our city,” said Jacksonville Mayor Lenny Curry. “Jacksonville is home to sound infrastructure, a skilled workforce and a strong business climate. We’ve worked hard to build a pro-jobs city and we’re very pleased to celebrate Rayonier Advanced Materials’ decisions to expand in Jacksonville.”
About Rayonier Advanced Materials
Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in cell phones, computer screens, filters and pharmaceuticals. The Company also manufactures products for lumber, paper and packaging markets. With manufacturing operations in the U.S., Canada and France, Rayonier Advanced Materials employs approximately 4,200 people and generates approximately US$2 billion of pro forma revenues. More information is available at www.rayonieram.com.