Acadian Timber Stock

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States.

The company is a timberland operator in New Brunswick and Maine. It owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine. The company’s products include softwood and hardwood sawlogs, pulpwood and biomass by-products, sold to approximately 85 regional customers. The company sells various products to a group of customers. The company has a total of approximately 2.4 million acres of land under management. The company sells its products to forest product companies in North America.

The company owns and manages approximately 761,000 acres of freehold timberlands in New Brunswick (New Brunswick Timberlands or NB Timberlands), approximately 300,000 acres of freehold timberlands in Maine (Maine Timberlands) and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick (NB Crown Lands). During the year ended December 31, 2019, the company harvested 1,238 thousand m3 from its freehold timberlands. All harvesting operations are performed by third-party contractors.

Dispositions

In 2019, Brookfi eld Asset Management Inc. sold its 45% interest in the company to Macer Forest Holdings Inc.

Strategy

The company’s business strategy is to grow its business by acquiring assets on a value basis and utilizing its operations-oriented approach to drive improved performance.