Rayonier and PotlatchDeltic confirmed that stockholders of both companies approved all proposals required to complete their planned merger. The merger is expected to close after market hours on January 30, 2026, pending customary closing conditions. Each PotlatchDeltic share will be converted into 1.8185 Rayonier shares and $0.61 in cash. Upon completion, Rayonier shareholders will hold approximately 54% of the combined company, and former PotlatchDeltic shareholders will hold 46%.
The merged company will retain the Rayonier name and continue to trade on the New York Stock Exchange under the ticker symbol “RYN.” A new name and ticker will be announced later in the first quarter of 2026.
The transaction will create a timber real estate investment trust managing 4.2 million acres of timberland, including 3.2 million acres in the U.S. South and 931 thousand acres in the Pacific Northwest. The combined company will also operate seven wood products facilities with a total annual capacity of 1.2 billion board feet of lumber and 150 million square feet of plywood.
According to earlier company disclosures, the all-stock deal values the combined enterprise at $8.2 billion and is expected to generate $40 million in annual run-rate synergies within 24 months.
Mark McHugh of Rayonier will serve as Chief Executive Officer, and Eric Cremers of PotlatchDeltic will act as Executive Chair of the Board for 24 months.
Rayonier owns or leases 2.0 million acres of timberland in the U.S. South and Pacific Northwest. PotlatchDeltic owns 2.1 million acres across seven U.S. states and operates sawmills, a plywood mill, and real estate development businesses.
