Rayonier Advanced Materials (RYAM) Misses Q1 EPS by 82c, Revenues Miss

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Rayonier Advanced Materials (RYAM) Expands Cellulose Technology Platform through its Strategic Investment in Anomera

May 4, 2021 10:30 AM EDT

Rayonier Advanced Materials Inc. (NYSE: RYAM) announced today a strategic investment in Anomera Inc. Anomera produces the highest quality Cellulose Nanocrystals (CNC) in the world under the brand names DextraCel, ChromaPur and ChromAllur. Anomeras products address a global market with greater than $8 billion of potential annual revenue. ChromaPur the Anomera patented microbead, can be used in a variety of areas, including the creation of a biodegradable micron sized powder replacing plastic and silica microbeads in personal care and cosmetics. Anomeras DextraCel nanocrystals, three times stronger than titanium, provide benefits to core industries including cement, paints and... More