In a significant development for the agricultural industry, River Valley Cooperative, headquartered in Davenport, Iowa, has signed an agreement to acquire the commercial grain assets of Rumbold and Kuhn, Inc., along with the transportation assets of Ezra Rumbold & Sons, Inc. This strategic move is expected to be completed by the end of June 2024, marking a new chapter for both companies. With revenues of approximately $330 million, Rumbold and Kuhn, Inc., which celebrated their 70-year anniversary in 2022, manages seven commercial grain elevator facilities in Illinois. The acquisition will see River Valley Cooperative expand its presence and further reinforce its commitment to serving customers in the Illinois trade area.
Founded in 1906, River Valley Cooperative is a full-service agricultural cooperative that caters to over 3,100 farm families in Eastern Iowa and Northwest Illinois. With annual sales exceeding $1.2 billion, the cooperative operates 35 locations and employs over 400 dedicated individuals. River Valley Cooperative offers a comprehensive range of products and services, including agronomy, energy, feed, and now, with the acquisition of Rumbold and Kuhn, a stronger presence in the grain business.
Established in 1952, Rumbold and Kuhn, Inc. has emerged as a trusted name in the agricultural industry. With seven commercial grain elevator facilities spread across Illinois, including locations in Duncan, Princeville, Putnam, Speer, Toulon, and two in Wyoming, the company has built a strong reputation for providing exceptional service to its customers. Generating revenues of approximately $330 million, Rumbold and Kuhn, Inc. employs 45 individuals who will now join River Valley Cooperative and continue serving the customers they have faithfully supported over the years.
The acquisition of Rumbold and Kuhn, Inc. by River Valley Cooperative is driven by a shared commitment to excellence and a common set of values. Both organizations place a strong emphasis on providing outstanding customer service, and this partnership will allow them to combine their resources and expertise to deliver even greater value to their customers. The cultures of both companies align seamlessly, making this acquisition a natural fit.
This strategic move by River Valley Cooperative brings several benefits to both organizations and the broader agricultural community. By acquiring Rumbold and Kuhn's commercial grain assets, River Valley Cooperative expands its grain business and strengthens its position in the market. The addition of Rumbold and Kuhn's transportation assets further enhances the cooperative's capabilities and enables them to provide efficient and reliable transportation services to their customers.
River Valley Cooperative is committed to upholding the legacy of Rumbold and Kuhn, Inc. and ensuring that their customers continue to receive the same exceptional service they have come to expect. The employees of Rumbold and Kuhn, Inc. will join River Valley Cooperative, becoming an integral part of the combined organization. This seamless integration will allow for a smooth transition and foster a collaborative work environment.
Both River Valley Cooperative and Rumbold and Kuhn, Inc. prioritize customer service and aim to exceed customer expectations. The acquisition will further strengthen this commitment, allowing the combined organization to leverage its expanded resources and expertise to provide an even higher level of service to its customers. With a shared dedication to excellence, River Valley Cooperative and Rumbold and Kuhn, Inc. are poised to become an even stronger force in the agricultural industry.
