Cooperative Grain & Supply board approves deal to unify with MKC

Cooperative Grain and Supply completed work earlier this year to add a third storage bin at the Hillsboro location that increased its capacity 4.03 million bushels. CG&S members will be voting to unify with MKC Nov. 22.The board of directors of Cooperative Grain & Supply has voted to approve an agreement that would unify their cooperative with MKC pending a vote by members of CG&S.

James Enns, CG&S board chair, said the proposal would bring value to member-owners.

“For many months, the board strongly considered if Cooperative Grain and Supply had the size and scale to face the future,” Ens said. “We felt the best course of action for our membership is to unify with MKC and jointly go forward as one in serving our members’ needs.”

Enns added: “The unification will allow us to remain relevant as we explore new opportunities to create additional value for our members.”

After announcing the initial letter of intent for unification in June 2016, leaders from CG&S and MKC have focused on the due diligence steps required during a unification process. That work cumulated in a final agreement proposal for consideration by the CG&S board.

“Agriculture continues to change and evolve at a rapid pace, which in turn requires our cooperative to have the vision to change and expand our abilities to compete in a global marketplace for the benefit of our membership,” said Lyman Adams, CG&S general manager.

“Throughout my career, this is one of the greatest opportunities for expanded services and facilities, increased savings and equity redemptions for the farmer-owners of CG&S.

He added: “This merger is not about giving up, but will position CG&S to create value for our owners long into the future just like our founders in 1966 formed Cooperative Grain and Supply. It will be a long-term benefit to our members, plus to our employees.”

Information meetings about unification are planned for:

• 7 a.m. Nov. 11 at the Canton Community Center;

• 7 a.m. Nov. 15 at the Marion Senior Center;

• 6:30 p.m. Nov. 17 at the Hillsboro United Methodist Church.

A special meeting is planned for 7 p.m. Nov. 22 at Hillsboro Mennonite Breth­ren Church, 300 Prairie Pointe, to hold the vote by member-owners approving the unification of CG&S with MKC. Registration will begin at 6:30 p.m.

“We urge our members to become informed and vote yes for this unification,” Enns said. “We believe this merger is good for the cooperative system, our members and our employees.”

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