At Rayonier, we create value from the ground up. Today, we are a leading real estate investment trust with assets located in some of the most productive timber-growing regions in the U.S. South, Pacific Northwest and New Zealand. Since 1956, our nursery program has produced more than 1 billion tree seedlings.
To be the best timber real estate investment trust company, recognized and admired for creating the highest value for our owners.
We are committed to maximizing value from a growing timberland base by combining our knowledge of forest resources, land and real estate with a relentless focus on operational excellence and financial performance for the benefit of our owners, customers, employees, and communities.
Since our inception in 1926, resourceful and determined Rayonier employees have worked to further our vision and mission. Many changes have taken place over the past 85 years, but our fundamental values remain the same. We look forward to creating opportunities and delivering value for many generations to come.
Originally founded in 1926 as the Rainier Pulp and Paper Company in Shelton, Washington, Rayonier created and distributed premium bleached paper pulp. Soon after its expansion with two additional mills in northwest Washington State, Rayonier found itself as the largest single manufacturer of dissolving pulps in the world. In 1931, Rainier research scientists teamed up with the world’s leading producer of rayon, DuPont, and together they perfected the world’s first dissolving pulp made from western hemlock trees.
In 1937, the company started trading shares on the New York Stock Exchange as “Rayonier”—the name devised from the union of the word rayon and Mount Rainier in Washington State. Despite the economic hardships caused by the Great Depression in late 1930, Rayonier began purchasing U.S. timberlands and continued to grow. In 1945, Rayonier set sites on Northwest timberlands and acquired approximately 400,000 acres in western Washington.
In the early 1950’s, Rayonier joined University of Florida cooperative slash pine tree improvement program, widening its focus on the forestry operations in the U.S. South. In 1956, the company established its first seedling nursery in the U.S. South. Rayonier established its east coast Genetic Resource Center in 1957, focused on tree improvement research and tree breeding techniques.
Rayonier gained further global presence when it acquired 250,000 acres of timberland in New Zealand in 1992. By 1999, Rayonier became the seventh largest private timberland owner in the U.S. after its acquisition of 969,000 acres of timberland in Florida, Georgia and Alabama, bringing its total U.S. holdings to approximately 2.2 million acres. In 2013, the company opened the nursery in Elberta, Alabama, growing more than 30 million seedlings annually for plantations across its Southern timberland.
In 2014, Rayonier names David L. Nunes President and CEO. In June of that year, Rayonier spins off its Performance Fibers business, becoming a leading pure-play, timber real estate investment trust (REIT) focused on Forest Resources and Real Estate.
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