News > Articles > October 2016 > Hillsboro-based cooperative looking to unify with MKC

Hillsboro-based cooperative looking to unify with MKC

Oct 25, 2016

The Board of Directors of Cooperative Grain and Supply (CG&S) has voted to approve a unification agreement that would unify their cooperative with MKC pending a vote by members of CG&S.
 
Board Chairman for CG&S recognizes the value this proposal would bring to member-owners. “For many months, the board strongly considered if Cooperative Grain and Supply had the size and scale to face the future. 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,” said James Enns, CG&S Board of Director chairman. “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 of Directors.
 
“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. This merger is not about giving up but will position CGS 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.”
 
Informational meetings for CG&S members about the unification will be held on November 11 at 7 a.m. at the Canton Community Center, November 15 at 7 a.m. at the Marion Senior Center and November 17 at 6:30 p.m. at the Hillsboro United Methodist Church. A special meeting will be held on November 22 at 7 p.m. at the Hillsboro Mennonite Brethren Church to hold the vote approving the unification of CG&S with MKC by member-owners. 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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