Wellington Grain Terminal LLC announced Monday it has entered into an agreement with Scoular to acquire two grain facilities in Wellington, Kansas, with the transaction expected to close this month.
The new farmer-owned partnership combines four agricultural cooperatives: Farmers Grain Company of Pond Creek, Oklahoma; Farmers Cooperative Grain Association of Conway Springs, Kansas; Two Rivers Consumers Cooperative Association of Arkansas City, Kansas; and CoMark Equity Alliance of Enid, Oklahoma.
Expansion strengthens regional presence
The Wellington facilities will enable all partners to expand their footprint across south-central Kansas while connecting producers to global and domestic trade opportunities through a 4-million-bushel rail terminal.
“This is an acquisition we’re incredibly excited about,” said Scott Keller, CEO of CoMark Equity Alliance. “We will bring cooperative partners together to benefit our ultimate owner, the producer, who is the backbone of our business.”
Keller emphasized CEA’s strategic focus on creating long-term success for more than 14,000 producer owners by efficiently connecting them to end users domestically and globally.
Partnership benefits producer members
Travis Neal, CEO of Farmers Grain Company, said the acquisition continues the company’s commitment to providing efficient marketing channels for member products while reaffirming dedication to Kansas members.
“We are also excited about creating stronger partnerships within the CEA membership to better all our companies,” Neal said.
Logistical advantages drive decision
Chris Stevens, CEO of Farmers Cooperative, highlighted the partnership’s potential for beneficial logistical flexibility and growth opportunities in the region.
“This will ultimately bring more value back to our member owners who are at the center of all our decision-making processes,” Stevens said.
Kevin Kelly, CEO of Two Rivers Cooperative, noted the terminal’s strategic fit with existing locations and customer base.
“Increased access to a rail facility will be good for Two Rivers, my fellow partners in CEA and our customers,” Kelly said.
The partnership plans to serve the market with a progressive cooperative structure focused on customer success.
