Market Overview

TreeTown USA Acquires Hines Division of Color Spot Nurseries


Future Landscape Industry Growth Drives Newest
Corporate Integration

TreeTown USA, in coordination with Wells Fargo's acquisition of Color
Spot Holdings, has announced an agreement to acquire the Hines division
of Temecula, Calif.-based Color Spot Nurseries, Inc. for an undisclosed
amount. The division has three facilities totaling more than 2,000 acres
located in California and Oregon.

The deal represents the company's latest strategic nursery acquisition
and provides TreeTown USA with a foothold in the Pacific Northwest and
adjacent markets as it expands its current coast-to-coast footprint.
Closing is expected by the early part of August 2018.

With its foray into the Pacific Northwest, TreeTown USA's operations
will include 19 farm locations throughout California, Texas, Florida,
and Oregon encompassing more than 6,000 acres in production.

Company CEO Jonathan Saperstein stated, "Hines, at one point, was the
largest North American producer of ornamental container plants. They
developed industry-leading best practices as well as a strong company
culture. This knowledge base still resides within the company, and we
look forward to the results of combining this with the great team we
have in our organization.

"We look forward to working with Wells Fargo as they move forward with
their acquisition of Color Spot," he continued.

Saperstein anticipates there will be future horticulture industry growth
in the landscape professional segment of the business. As a result, he
foresees there will be a significant need for shrubs, foundation plants,
and trees within the large commercial space as well. "The size and
locations of the Hines facilities will allow us to take advantage of the
inherent economies of scale over the next decade," he added.

About Color Spot Nurseries, Inc.

Headquartered in Temecula, Calif., Color Spot is one of the largest
growers and distributors of live plants in the country with more than
2,000 retail & commercial customers throughout the western and
southwestern United States. They specialize in the distribution of high
quality bedding plants, vegetables, herbs, shrubs, premium blooming
plants, ground cover, and ornamentals.

About TreeTown USA

TreeTown USA, founded in 2001, is a privately owned business
headquartered in Houston, Texas, with 19 growing facilities totaling
over 6,000 production acres across Texas, Florida, Oregon and, through
its West Coast Division, Village Nurseries, in California. The combined
company is known for its broad mix of high-quality plant material that
includes over 1,000 unique plant selections and variations. The company
has forged partnerships with respected growers and breeders such as Monrovia,
Tesselaar International
, Plant
Haven International
, Star
Roses & Plants
, and Sunset
Western Gardens Collection
. To learn more about TreeTown USA and
Village Nurseries, visit the companies' websites at

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