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RYAM brings in financial advisor to explore sale of Temiscaming assets
October 18, 2023 By P&PC Staff
Rayonier Advanced Materials (RYAM) shared in a press statement that it 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 mill site in Quebec.
The company explains that this strategic move is aligned with its 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. The engagement of Houlihan Lokey, a global investment bank, underscores RYAM’s dedication to a rigorous and diligent evaluation of its strategic options, states the company.
The company recently idled paperboard operations and pulp lines at the mill.
RYAM manufactures products for paper and packaging markets and has manufacturing operations in the U.S., Canada and France.
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