Acadian Timber Corp. Announces Acquisition of Harvesting Operations in Maine

Core Viewpoint - Acadian Timber Corp. has signed an agreement to acquire assets from A & A Brochu, LLC for a total of U.S. $4.8 million, which includes harvesting, trucking, and road building equipment, as well as related real estate in the Millinocket, Maine region [1][2]. Company Overview - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [3]. - The company owns about 775,000 acres of freehold timberlands in New Brunswick and 300,000 acres in Maine, in addition to providing timber services for approximately 1.3 million acres of Crown licensed timberlands in New Brunswick [3]. - Acadian's primary business involves forest management and the production of timber products, including softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to around 90 regional customers [3]. Business Strategy - The company's strategy focuses on maximizing cash flows from existing timberland assets through sustainable forest management and other land use activities [4]. - Acadian aims to grow its business by acquiring assets and actively managing them to enhance performance [4].