Interfor to Acquire Rayonier's Wood Products Business

Interfor to Acquire Rayonier's Wood Products Business 
Transaction Expected to Close in the First Quarter 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/22/13 --
INTERNATIONAL FOREST PRODUCTS LIMITED ("Interfor" or the "Company")
(TSX:IFP.A) announced today that it has reached agreement to acquire
the assets of Rayonier Inc.'s Wood Products Business for $80 million,
inclusive of working capital. The transaction, which is subject to
regulatory approval in the U.S., is scheduled to close in late
February or early March. 
Rayonier's Wood Products Business, headquartered in Baxley, Georgia,
consists of three sawmills located in Baxley, Swainsboro and
Eatonton, Georgia, with a combined annual capacity of 360 million
board feet of southern pine dimension lumber. As part of the
transaction, Interfor has agreed to hire all of the Business' current
employees.  
"The acquisition of Rayonier's Wood Products Business is consistent
with our strategy of adding capacity in attractive regional markets,"
said Duncan Davies, Interfor's President & CEO.  
The acquisition will bring Interfor's annual capacity to more than 2
billion board feet and represents the Company's first investment in
the Southeast region of the U.S.  
"We have been looking for an opportunity in the Southeast for some
time and consider this is an ideal time to proceed," said Davies. 
"We have a long-standing relationship with Rayonier in the Pacific
Northwest and share similar business philosophies and principles. We
believe the operations and people involved will fit seamlessly into
Interfor's operating system and will make a significant contribution
to our future success."  
The transaction, which will be financed from Interfor's existing
credit lines, is expected to be accretive from the outset. 
FORWARD-LOOKING STATEMENTS 
This release contains information and statements that are
forward-looking in nature, including, but not limited to, statements
containing the words "will" and "is expected" and similar
expressions. Such statements involve known and unknown risks and
uncertainties that may cause Interfor's actual results to be
materially different from those expressed or implied by those
forward-looking statements. Such risks and uncertainties include,
among others: general economic and business condi
tions, product
selling prices, raw material and operating costs, changes in
foreign-currency exchange rates, and other factors referenced herein
and in Interfor's Annual Report and Management Information Circular
available on www.sedar.com. The forward-looking information and
statements contained in this report are based on Interfor's current
expectations and beliefs. Readers are cautioned not to place undue
reliance on forward-looking information or statements. Interfor
undertakes no obligation to update such forward-looking information
or statements, except where required by law. 
ABOUT INTERFOR  
Interfor is a leading global supplier, with one of the most diverse
lines of lumber products in the world. The Company has operations in
British Columbia, Washington and Oregon, including two sawmills in
the Coastal region of British Columbia, three in the B.C. Interior,
two in Washington and two in Oregon. For more information about
Interfor, visit our website at www.interfor.com. 
CONFERENCE CALL 
There will be a conference call on Tuesday, January 22, 2013 at 9:00
AM (Pacific Time) hosted by INTERNATIONAL FOREST PRODUCTS LIMITED for
the purpose of reviewing the details of this transaction. A
presentation summarizing the transaction will be posted to the
Investor Relations section of Interfor's website this morning.  
The dial-in number is 1-866-323-8540. The conference call will also
be recorded for those unable to join in for the live discussion, and
will be available until February 5, 2013. The number to call for the
recording is 1-866-245-6755, Passcode 931087.
Contacts:
International Forest Products Limited
John A. Horning
Senior Vice President and Chief Financial Officer
(604) 689-6829
www.interfor.com
 
 
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