News > Articles > March 2019 > Plains Equity Members Approve Merger with MKC

Plains Equity Members Approve Merger with MKC

4/5/2019

PLAINS, Kan. and MOUNDRIDGE, Kan. – Plains Equity Exchange and Cooperative Union membership votes to approve unification with MKC. After a series of informational meetings, the owners of Plains Equity approved the merger with MKC by a super majority of 95% at a special vote meeting on April 4, 2019.
 
“We are pleased that Plains Equity members have voted to unify Plains Equity and MKC. Both boards felt strongly that unification would bring value to the members and employees of Plains Equity and the results of the Plains Equity vote reaffirms this,” says Allan Wegner, MKC Board Chairman. “MKC has proven to show value to members through unification by delivering quality products and services, innovation, growth and profitability.”
 
Initial merger discussions between the cooperatives began before the official announcement on February 18, 2019, with the respective boards approving an Agreement and Plan of Merger.
 
“We are confident that through unification we will build a stronger foundation for our cooperative and member-owners and maintain the cooperative system for future generations,” says Roger Holmes, Plains Equity Board Chairman. “On behalf of our board, management and employees, we appreciate every member who cast a ballot to make our cooperative stronger.”
 
Plains Equity and MKC will officially unite on June 1, 2019. Over the next several weeks, the two cooperatives will communicate with members and other stakeholders about the merger.
 
The new MKC will consist of 43 locations with nearly 400 employees dedicated to serving its member-owners. The cooperative offers a wide range of products, programs and services through its agronomy, energy, feed, energy and risk management divisions to meet the needs of agricultural producers across its’ footprint.

Click here for the official news release.


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