April 15, 2014 |

River Country Cooperative, CHS Plan Merger

River Country Cooperative's membership will vote on the proposed tie-up this summer

River Country Cooperative, CHS Plan Merger

US diversified agricultural retailer River Country Cooperative and farmer-owned cooperative CHS Inc (NASDAQ:CHSCP) have decided to move ahead, subject to due diligence, with a business combination after having finalised a study of a formal merger, the pair said.

River Country Cooperative, active since 1935, provides fuel, fertiliser, grain and feed products and services through 14 locations in east-central Minnesota, while CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, as well as insurance, financial and risk management services.

Their merger is expected to create size and scale to help meet changing customer needs, River Country Cooperative's chairman Myron Tank said in a comment. John McEnroe, executive vice president CHS Country Operations, described the proposed merger as an opportunity to expand resources within core territory to the benefit of owners.

River Country Cooperative's membership will vote on the proposed tie-up this summer.

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