International Forest Industries

Rayonier and PotlatchDeltic have agreed to merge in an all-stock transaction that values the combined enterprise at $8.2 billion. The deal will create a diversified land resources REIT with 4.2 million acres of timberland, including 3.2 million acres in the U.S. South and 931 thousand acres in the Pacific Northwest, according to Rayonier and PotlatchDeltic.M

The combined company will become the second-largest in the sector, behind Weyerhaeuser, the top U.S. timber REIT and largest private landowner, with more than 10 million acres and a market value exceeding $17 billion.

The merger will consolidate seven wood products facilities with a total capacity of 1.2 billion board feet of lumber and 150 million square feet of plywood. The combined company expects to realize $40 million in annual run-rate synergies within 24 months, driven by operational and corporate cost efficiencies. In addition to economies of scale, the merger will expand flexibility under REIT asset and income test limitations, enhancing the ability to grow the wood products business.

Based on closing prices from October 10, 2025, the pro forma equity market capitalization is $7.1 billion, with net debt of $1.1 billion. PotlatchDeltic shareholders will receive 1.7339 Rayonier shares for each of their own, representing an implied value of $44.11 per share and an 8.25% premium. Rayonier shareholders will own 54% of the combined company, and PotlatchDeltic shareholders will own 46%.

The new entity will operate under a new name to be announced before the merger closes. The board of directors will consist of five members from each company, with Rayonier appointing the lead independent director. Mark McHugh of Rayonier will serve as CEO, and Eric Cremers of PotlatchDeltic will become Executive Chair of the board for 24 months.

In real estate, the merged company will integrate development projects at Wildlight (Florida), Heartwood (Georgia), and Chenal Valley (Arkansas), alongside ongoing rural land sales. Its real estate platform will support long-term value creation in higher-and-better-use land development. The combined REIT will also expand its position in natural climate solutions, with scale to support solar, carbon capture and storage, and voluntary carbon markets.

Rayonier declared a one-time special dividend of $1.40 per share, payable on December 12, 2025, to shareholders of record as of October 24. The dividend consists of 25% cash and 75% Rayonier shares, distributed to offset taxable gains from the company’s New Zealand divestiture. Shareholders may elect to receive cash or stock, but the cash portion will be prorated if elections exceed the aggregate 25% cap. Those who do not elect will receive the default 25/75 split. PotlatchDeltic shareholders will receive merger consideration adjusted to match the cash and stock value of this dividend.

The transaction is expected to close in late Q1 or early Q2 2026, subject to regulatory clearance and shareholder approvals from both companies.

To read previous Rayonier related posts click here

To read previous PotlatchDeltic related posts click here

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Delta Motion, a Rockwell Automation Technology Partner, has announced its participation in Automation Fair 2025, taking place at McCormick Place in Chicago, Illinois from November 17- 20, 2025. As a leader in precision motion control for hydraulic and electric systems, Delta will showcase real-world solutions that improve performance, simplify integration, increase throughput, and reduce downtime.

Delta Motion has collaborated with Rockwell on motion control solutions for over 30 years. This long-standing relationship ensures smooth integration between Delta’s RMC motion controllers and Allen-Bradley PLC platforms. Of particular interest to users of ControlLogix PLCs, Rockwell Automation has pointed to Delta Motion for replacement options to the 1756-HYD02, 1756-M02AS, and 1756-M02AE motion modules, which are no longer available from Rockwell.

Attendees will get hands-on experience with three live demos at Delta Motion’s booth (852):

1. Two-Cylinder Press Demo

Showcasing press leveling, gearing, cascading loops, and precision hydraulic control of position and pressure/force control. This demo highlights the power of RMC motion controllers in demanding multi-axis pressure/force applications. This demo also features Delta’s CIP Bridge capability, allowing RMCTools to communicate directly with the RMC through the ControlLogix backplane, improving network security and reducing configuration complexity.

1. Helical Interfering Gear Demo

With a twist on the classic parallel interfering gear (PIG) demo, this demonstrates synchronizing servo-electric and servo-hydraulic motion.

1. Allen-Bradley Motion Module Migration Demo

A side-by-side comparison showing how seamless it is to migrate from obsolete Allen-Bradley 1756-HYD02, -M02AS, and -M02AE motion modules to the Delta RMC. This solution helps users extend the life of their systems while gaining better performance and long-term support.

With Delta Motion’s RMC controllers, users can control up to 50 axes of synchronized motion, including position, velocity, pressure, force, and torque. For over 40 years, Delta has focused exclusively on industrial automation and specializes in high-performance industrial hydraulic motion control. Delta’s RMCTools software carries no extra charges, technical support is available 24/7 at no cost, and Delta’s policy of never obsoleting products allows you to upgrade on your schedule. As an employee-owned company, Delta is committed to providing long-term support and lasting value.

Key highlights at Delta Motion’s booth:

1. Live demos of position, pressure, and force control
2. Integration with Allen-Bradley ControlLogix PLCs via EtherNet/IP
3. Hands-on look at RMCTools software
4. Case studies from real-world applications in manufacturing, lumber, aerospace, and more

Future-proof your motion control system with Delta Motion
Reduce frustration, maximize productivity, increase efficiency and safety, and minimize waste.

Delta Motion looks forward to seeing you at Booth #852

Learn more at deltamotion.com, contact technicalsales@deltamotion.com, or call them at +1 360-254-8688.

About Delta: For over 40 years, Delta has supplied motion controllers and other industrial products that enable better performing machines. Delta’s RMC Motion Controllers are used for hydraulic, pneumatic, and electric closed-loop control in a wide array of single and multi-axis control and testing applications

To read previous Delta Motion related posts click here

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EXO Canter is the culmination of decades of experience building complete primary lines. It reflects everything we’ve learned, what works, what doesn’t, and what’s next. Every inch is shaped by the five core values of the Paragon Design Standard, including total configurability.

EXO Canter is not a fixed system, it’s a platform. During the sales phase, mills can select from a wide range of equipment options to build a line that fits their exact needs. Each component is designed to integrate seamlessly, ensuring a cohesive system that performs as one. This modularity supports both greenfield installations and phased upgrades, giving mills the flexibility to scale and adapt over time.

Read the full article on our website and contact your USNR representative to learn more

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