August 27, 2013
CHS, Dakota Plains Cooperative plan to consolidate
CHS Inc. and Dakota Plains Cooperative announced that they have been in discussions about entering into a merger transaction and now seek approval from the members of Dakota Plains Cooperative and the CHS Board of Directors.
Integral to this effort is close examination of opportunities to enhance agronomy assets in the east central area of North Dakota. Plans under discussion include constructing three new fertiliser plants within the Dakota Plains trade area to take full advantage of the proposed fertiliser manufacturing facility in Spiritwood, N.D., currently under review by CHS.
"Dakota Plains is excited to have the opportunity to partner with CHS. They have worked well with us in the past and we look forward to taking our relationship to the next level," said Greg Svenningson, Dakota Plains Cooperative board president. "This merger will allow Dakota Plains to more fully align and partner our growers with the nation's largest cooperative."
"Both organisations are looking for growth and expansion opportunities at the same time we protect member equity," said John McEnroe, executive vice president, CHS Country Operations. "We are always interested in investments that align with the CHS commitment to helping our farmer-owners grow their businesses."
A series of informational meetings for Dakota Plains patrons are being scheduled for September to bring more information to area growers.
Dakota Plains Cooperative, a full-service agribusiness headquartered in Valley City, N.D., offers farmers and ranchers a full line of agronomy, seed, feed and energy services and products from 15 locations in central and southeast North Dakota.
CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the US. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS supplies energy, crop nutrients, grain marketing services, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services.