PRT Growing Services acquires International Forest Company
avril 5, 2023
On April 5, 2023, PRT Growing Services Ltd. (“PRT”) acquired International Forest Company (“IFCO”) based in the U.S. Southeast, accelerating the company’s growth and establishing PRT as North America’s leading provider of premium-quality container and bareroot seedlings. As a trusted leader in advanced, high-value forest seedling genetics, IFCO brings extensive expertise in controlled mass pollination coupled with bareroot and container seedling stock to deliver consistently high yields of healthy, superior-quality seedlings. Together, as a combined entity, PRT will operate 14 seed orchards and 28 nurseries, producing 630 million forest seedlings annually. This acquisition supports PRT’s strategic growth plans and commitment to helping customers achieve regulatory compliance and reforestation objectives to mitigate climate change.
PRT is North America’s largest producer of forest seedlings, currently growing more than 340 million seedlings annually and operating a network of forest seedling nurseries in the U.S. and Canada.
McCarthy Tétrault has assisted PRT with a team led by Jake Irwin and Jonathan See that included Samantha Pettinato, Alykhan Rahim, Meghan Noel, Novalee Davy, Ian Mak, Jamie Becker, Rebecca Scott, Meghan Zhang (Business), William Lee (Financial Services), Stephanie Dewey, and Pat McCay (Tax).