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EX-99.1 - PRESS RELEASE - RAYONIER INCexhibit991woodproductspres.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
January 22, 2013
RAYONIER INC.
COMMISSION FILE NUMBER 1-6780
Incorporated in the State of North Carolina
I.R.S. Employer Identification Number 13-2607329
1301 Riverplace Boulevard, Jacksonville, Florida 32207
(Principal Executive Office)
Telephone Number: (904) 357-9100
Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



















RAYONIER INC.
TABLE OF CONTENTS
 
 
  
 
  
PAGE
Item 8.01.
  
  
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Item 9.01.
  
  
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Item 8.01.
Other Events

On January 22, 2013, Rayonier Inc. announced that it reached an agreement to sell all of the assets of its Wood Products business to International Forest Products Limited (Interfor) for $80 million (the "Sale"). The Sale will result in an after-tax gain of approximately $40 million and is expected to close in the first quarter. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits.
 
99.1

  
Press release entitled “Rayonier to Sell Wood Products Business to Interfor” issued January 22, 2013.






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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
RAYONIER INC. (Registrant)
 
 
 
BY:
 
/s/ HANS E. VANDEN NOORT
 
 
Hans E. Vanden Noort
 
 
Senior Vice President and
 
 
Chief Financial Officer
January 22, 2013




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EXHIBIT INDEX
EXHIBIT NO.
 
DESCRIPTION
 
LOCATION
99.1

 
Press release entitled “Rayonier to Sell Wood Products Business to Interfor” issued January 22, 2013.
 
Furnished herewith



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