Acadian Acquires Maine’s Brochu Logging Assets
In February, Acadian Timber Corp. signed an agreement to purchase assets of A & A Brochu, LLC for a total price of U.S. $4.8 million. The assets include harvesting, trucking and road building equipment, as well as related real estate, in the Millinocket, Maine region.
Acadian Timber’s Adam Sheparski, President and CEO, noted that A & A Brochu has provided contractor services to Acadian for many years. He added, “The transaction will address the historical harvesting capacity challenges in Maine and enable greater control over costs as well as sustainable forestry practices, while allowing Acadian to invest in the communities in which we live and work.” The transaction was expected to close during the first quarter of 2025.
Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. and has approximately 2.4 million acres under management. Acadian owns and manages approximately 775,000 acres of freehold timberlands in New Brunswick, approximately 300,000 acres of freehold timberlands in Maine and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick. Acadian’s primary business is forest management and the production of timber products, including softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 90 regional customers. real estate and environmental solutions.
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OLC Raises College Scholarship Funds
A group of 23 teams and many generous sponsors helped raise more than $61,000 at the 5th Annual Oregon Logging Conference Foundation (OLCF) Clay Target Tournament fundraiser held on September 8, 2023. Proceeds will provide college and technical scholarships to be awarded by the OLCF. “Once again we are very fortunate to be able to hold this fundraiser and at the end of the day, we raised more than $61,000 which will provide financial assistance to the next generation workforce in our industry,” said event chair and OLC Board Member Jeanne Shuttleworth…
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