The merger between PotlatchDeltic Corp. and Wildlight, Florida-based Rayonier Inc. (NYSE: RYN) has closed, the combined company announced Jan. 30 in a press release.

The combined company will initially retain the Rayonier name, and its common stock began trading on the New York Stock Exchange under the ticker symbol “RYN” starting Monday, Feb. 2, the press release states. A new company name and ticker symbol are expected to be announced later in the first quarter of 2026, the release states.

As previously reported by the Journal, the combined company will be headquartered in Atlanta but will maintain regional operations in Spokane, where PotlatchDeltic was headquartered. The company also will maintain its existing operations in Wildlight.

Eric Cremers, former president and CEO of PotlatchDeltic, will serve as executive chairman of the board of directors going forward, and Mark D. McHugh, president and CEO of Rayonier, will serve as president and CEO of the combined company.

Following completion of the merger, Rayonier, a land resources real estate investment trust, now owns over four million acres of timberland in the U.S., and operates six sawmills, and an industrial-grade plywood mill, in addition to residential and commercial real estate developments, and a rural land sales program.

Rayonier shareholders were expected to own about 54% of the combined company and former PotlatchDeltic stockholders were expected to own the remaining 46% upon completion of the merger, according to a Jan. 27 press release.

PotlatchDeltic requested Nasdaq to delist and halt trading of its common stock on Jan. 30, according to a filing with the U.S. Securities and Exchange Commission, a typical step in the acquisition process.

On Monday, Feb. 9, the price of Rayonier stock closed at $22.40 a share, up from a 52-week low of $21.06 and down from a 52-week high of $28.31.