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JACKSONVILLE, Fla. & MONTREAL----Aug. 7, 2017-- Rayonier Advanced Materials Inc. (NYSE:
RYAM) (“Rayonier Advanced Materials”) and Tembec Inc. (TSX: TMB) (“Tembec”) announced today that the
Québec Superior Court issued a final order approving the previously announced statutory arrangement under Section 192
of the Canada Business Corporations Act (the “Transaction”) involving the acquisition by Rayonier Advanced Materials
of all of the outstanding shares of Tembec.
The Transaction has already received clearance from Germany’s Federal Cartel Office, and the United States Department
of Justice and the Federal Trade Commission have notified Rayonier Advanced Materials and Tembec that the Hart-Scott-
Rodino premerger notification waiting period was terminated. Applications for clearance from the applicable regulatory
authorities in Canada and China, respectively, are pending. Subject to obtaining other necessary approvals, as well as the
satisfaction or waiver of the conditions to the Transaction, it is expected that the Transaction will be completed in the
fourth quarter of 2017.
About Rayonier Advanced Materials
Rayonier Advanced Materials is a leading global supplier of high purity cellulose, a natural polymer commonly found in
cell phones, computer screens, filters and pharmaceuticals. The company engineers dozens of customized products at its
plants in Florida and Georgia, delivering unique properties, unparalleled consistency and exceptional quality. Rayonier
Advanced Materials’ facilities can produce approximately 485,000 tons of high purity cellulose and 245,000 tons of
commodity products. With approximately 1,200 employees and revenues of US$870 million Rayonier Advanced Materials
is routinely ranked among the nation’s top 50 exporters, shipping products to five continents, 35 countries and 80 ports
around the world. More information is available at
About Tembec
Tembec is a manufacturer of forest products – lumber, paper, pulp and high purity cellulose – and a global leader in
sustainable forest management practices. Principal operations are in Canada and France. Tembec has approximately
3,000 employees and annual sales of approximately C$1.5 billion. Tembec is listed on the Toronto Stock Exchange (TMB).
More information is available at


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