M&A Deal Summary

Mast Reforestation Acquires Cal Forest Nurseries

On March 7, 2023, Mast Reforestation acquired agriculture company Cal Forest Nurseries

Acquisition Highlights

This is Mast Reforestation’s 1st transaction in the Agriculture sector.
This is Mast Reforestation’s 1st transaction in the United States.
This is Mast Reforestation’s 1st transaction in California.

M&A Deal Summary
Date	2023-03-07
Target	Cal Forest Nurseries
Sector	Agriculture
Buyer(s)	Mast Reforestation
Deal Type	Add-on Acquisition

Target

Cal Forest Nurseries

Etna, California, United States

Cal Forest Nurseries provides the majority of seedlings. Seedlings are grown for one season in a facility designed and managed specifically to grow high quality conifer seedlings in containers for outplanting. Critical components of the nursery include a highly uniform irrigation system, accurate fertigation equipment, maximum exposure to ambient conditions, daily crop records, and production equipment that allows for rapid and accurate sowing and packing. Cal Forest Nurseries was founded in 1978 and is based in Etna, California.

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