UC Looking to Merge

1/25/12 – United Cooperative is seeking to merge with a company from Denmark, Wisconsin. The Beaver Dam-based company has signed a letter of intent to pursue the merger with Cooperative Services. United Co-Op President and CEO David Kramer says the agriculture industry puts a great deal of effort into improving efficiencies and sustainability so that present and future generations can continue to produce food and fuel efficiently. Kramer says the merger will provide their patron members with the equipment, products, and service needed to maximize production and survive for generations to come. Cooperative Services is projecting revenues for the fiscal year ending Jan. 31, 2012, to be in excess of $29 million. All of Cooperative Services divisions can be found at one location in Denmark; that includes feed, grain, agronomy, a Cenex convenience store, and an automotive shop. Formed in 1936, United Cooperative is a full-service cooperative with feed, grain, agronomy, fuel, lubricant, and propane locations throughout Wisconsin. They documented $525 million in sales in 2011, up $200 million from 2010, and employ about 500 full-time, part-time, and seasonal workers. United Cooperative is expected to finalize mergers with Shawano-based Mid-County Cooperative and Pulaski Chase Cooperative in February. In coming months, there will be a series of meetings with Cooperative Services’ employees and patron members about the proposed merger. Ballots will be mailed out next month. If approved, the merger will take effect April 1.