Feb 04, 2016. /Lesprom Network/. Acadian Timber Corp. advises that its Board of Directors has initiated a review of strategic alternatives, which may include, among other things, a sale of all or parts of its business, a merger or other business combination or other strategic transaction.

The Board of Directors has formed a Special Committee, which has engaged Scotiabank as its financial advisor, to assist in this process. Acadian's review process has not been initiated in response to the receipt of any transaction proposal.

Acadian Timber Corp. is a leading supplier of primary forest products in Eastern Canada and the Northeastern U.S. With a total of 2.4 million acres of land under management, Acadian is the second largest timberland operator in New Brunswick and Maine.