An industry leader
PRT is the largest producer of container-grown forest seedlings in North America. With 13 nurseries in Canada and the US, we have an annual combined production capacity of more than 180 million seedlings. These nurseries enable us to provide high levels of customer service and to optimize crop production through multiple growing methods and climates. Our ability to reliably and cost-effectively propagate quality seedlings and produce high-volume, custom orders has enabled us to earn market share of approximately 35%.
Disciplined growth strategy
Our business strategy provides a path to creating shareholder value by expanding within core forestry markets into other US and Canadian regions. We are also capitalizing on our natural and strategic advantage in forest seedling production to diversify operations with new business lines. These include energy crops for heat and power projects and growing services for specialized forest seedlings and food-crop starter plants.
Key strategic relationships
PRT enjoys strong strategic relationships with its forest industry customers and partners for new market development. We are trusted to grow forest seedlings and provide silviculture services by some of the world’s largest forest product companies. We have also formed alliances with industry leaders such as CellFor, the world’s leading supplier of high-yielding varietal seedlings, Rutgers University for hybrid cranberry varieties and the Willow Biomass Energy Group for energy crops.
Strong balance sheet and management team
We expect improving conditions in forest seedling markets to lead to higher revenues and earnings. We will, nevertheless, continue to emphasize innovation in seedling products and continuous improvement in growing methods to generate long-term shareholder value. By leveraging our competitive advantage in container-seedling production to further diversify our product line, we expect to improve the long-term stability of our business. We recently strengthened our balance sheet and added financial flexibility to support our long-term growth plans.