|Grainland Cooperative members approve merger with CHS Inc.|
|Written by Holyoke Enterprise|
Members of Grainland Cooperative, with headquarters in Holyoke, voted last week to approve a merger with CHS Inc., a Fortune 100 energy, grains and foods company.
The proposal passed with 67 percent approval and will become effective in June, pending appropriate due diligence by both organizations. Once finalized, management will begin planning for enhanced grain shuttle loading capabilities on the NKCR line.
“We are confident this decision will allow us to accomplish things for our patrons and members that we might not be able to do otherwise,” said Grainland Cooperative General Manager Rick Unrein.
“We need to keep up with our customers’ growing needs and expectations.”
“The combination is a good match for both companies,” explained John McEnroe, senior vice president for CHS. “And it aligns with the CHS core commitment to always return value to its member-owners.”
Patrons of Grainland should expect a smooth transition including continuity of staffing at all seven of its locations. The business will continue to operate under the Grainland name.
Grainland Cooperative (www.grainland.coop) provides agronomy, feed, grain and energy products and services from Colorado locations in Holyoke, Amherst, Fleming, Haxtun, Julesburg, New Haven and Stateline.
CHS Inc. (www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world.
A Fortune 100 company, CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States.
CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services.
The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products. CHS is listed on the NASDAQ at CHSCP.