Acadian Timber Corp. has closed on the acquisition of approximately 16,000 acres of commercial-quality timberlands in New Brunswick. On March 14, 2024, Acadian completed the acquisition of approximately 16, million acres of timberland in New Brunswick at a price of $9.0 million, financed through its existing revolving credit facility.

The timberlands are close in proximity to Acadian's existing operations and customer base. The acquisition will allow Acadian to expand its harvesting operations as well as other land use revenue opportunities.