Acadian Timber Announces Acquisition of Harvesting Operations in Maine

By Acadian Timber Corp.
Globe Newswire
February 10, 2025
Category: Business & Politics
Region: Canada, United States, US East

EDMUNDSTON, New Brunswick — Acadian Timber has signed an agreement to purchase assets of A & A Brochu and its affiliates for a total price of US $4.8 million. The assets include harvesting, trucking, and road building equipment, as well as related real estate, in the Millinocket, Maine region. …Adam Sheparski, CEO said, “A & A Brochu has provided contractor services to Acadian for many years. The transaction will address the historical harvesting capacity challenges in Maine and enable greater control over costs as well as sustainable forestry practices.” The asset purchase agreement was signed on February 10, 2025 and the transaction is expected to close during the first quarter of 2025. Acadian Timber is one of the largest timberland owners in Eastern Canada and the Northeastern US and has a total of approximately 2.4 million acres of land under management.

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