Rayonier Advanced Materials Inc. (RYAM) has engaged Houlihan Lokey as its financial advisor to explore the potential sale of its paperboard and high-yield pulp assets located at its Temiscaming site in Quebec, Canada.
This strategic move is aligned with RYAM's commitment to enhancing its operational and financial performance, optimizing its portfolio to align with its long-term growth strategy, and providing flexibility to pay down debt and reduce leverage.
Earlier, RYAM temporarily stopped the paperboard and pulp production at Temiscaming plant.
RYAM is a global leader of cellulose-based technologies, including high purity cellulose specialties. The Company also manufactures products for paper and packaging markets.
