Feed aggregator

Edmundston, NEW BRUNSWICK – February 10, 2025 –

Acadian Timber Corp. (“Acadian”) (TSX:ADN) has signed an agreement to purchase assets of A & A Brochu, LLC (“A & A Brochu”) and its affiliates 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. “We are pleased with the opportunity to purchase this turnkey operation,” commented Adam Sheparski, President and Chief Executive Officer. “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, while allowing Acadian to invest in the communities in which we live and work.”

The asset purchase agreement was signed on February 10, 2025 and the transaction is expected to close during the first quarter of 2025.

Photo Adam Sheparski, President and Chief Executive Officer.

To see other Acadian Timber Corp related posts click here.

Follow IFI on Facebook | LinkedIn | Instagram

The post ACADIAN TIMBER CORP. ANNOUNCES ACQUISITION OF HARVESTING OPERATIONS IN MAINE appeared first on International Forest Industries.

During 2025, Setra will investigate the possibilities of divesting the sawmill in Malå. A divestment is expected to contribute to Setra’s opportunities to further strengthen its position in Central Sweden, where the company’s raw material supply is expected to improve in the coming years.

During 2024, Setra took major steps in an extensive upgrade of the sawmill in Malå with new timber intake, new sawing line, updated raw sorting and increased drying capacity. The new saw line has been installed and start-up of the saw is proceeding according to plan.

The full potential is expected to be reached in 2027 when the capacity of sawn goods increases from the current 160,000 m3/year to 340,000 m3/year.

Malå is located in one of Europe’s most attractive raw material areas, both in terms of quality and growth.

The geographical location, combined with a well-invested sawmill, equipped with the latest available technology, creates good conditions for long-term good earnings and the opportunity to find a good industrial home for the sawmill in Malå.

The sales process will take place in a structured process during the first half of 2025, where Access Partners has been mandated as coordinating advisor.

For further information please contact: CEO Marcus Westdahl: or CFO Johanna Lindén

To see other Setra related posts click here.

Follow IFI on Facebook | LinkedIn | Instagram

The post Potential divestment of Setras´s sawmill in Malå appeared first on International Forest Industries.