Acadian Timber Corp. acquires A & A Brochu, LLC assets in Maine for $4.8 million

From GlobeNewswire: 2025-02-10 21:21:41

Acadian Timber Corp. has agreed to purchase assets of A & A Brochu, LLC for $4.8 million, including equipment and real estate in Millinocket, Maine. The deal aims to address harvesting capacity challenges in Maine and promote sustainable forestry practices, benefiting local communities. The transaction is set to close in the first quarter of 2025. Acadian is a major timberland owner in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land. Their primary business involves forest management and timber product production, with shares listed on the Toronto Stock Exchange under the symbol ADN. For more information, visit www.acadiantimber.com.



Read more at GlobeNewswire: Acadian Timber Corp. Announces Acquisition of Harvesting