Timber investment firm Rayonier Inc. has expanded its holdings with the acquisition of approximately 18,000 acres of timberland in southwest Louisiana and northwest Oregon from BTG Pactual Timberland Investment Group. Combined, the two transactions totaled $59.5 million.

Rayonier Inc. (NYSE:RYN) announced it intends to separate its Performance Fibers business from its Forest Resources and Real Estate businesses.

Rayonier Inc. will separate its forestry and real estate holdings from its chemicals business, to form two independent, publicly traded companies. The separation of Rayonier's (NYSE: RYN) businesses is expected to be completed in mid-2014.

Today, Investors Alliance announced new research reports highlighting Weyerhaeuser Company (NYSE: WY), Rayonier Inc. (NYSE: RYN), Plum Creek Timber Co. Inc. (NYSE: PCL) and Louisiana-Pacific Corporation (NYSE: LPX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

International Forest Products (Interfor) has completed its acquisition of Rayonier's Wood Products Business in the southern United States.

International Forest Products Limited (Interfor, TSX:IFP.A) will acquire the Wood Products Business assets of Rayonier Inc., a producer of dimension southern yellow pine, for $80 million.

Rayonier today reported first quarter 2012 net income of $53 million, or 42 cents per share, compared to $58 million, or 47 cents per share, in the prior year period.

JACKSONVILLE, FL -- Rayonier, a forest products company, posted net sales of $218 million for 2010, compared to $313 million for 2009.