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Cooperative shareholders approve merger plans

Stockholders have approved the Agland Co-op and Heritage Cooperative merger.  Heritage spokesman Travis Rowe says the next step is to bring Agland’s business operations under Heritage’s oversight.

“We’ll start working through some of the due diligence types of things and the unification of some of the policies, procedures, systems and people and keep things progressing so that we’re able to make a smooth transition” says Rowe.

Rowe tells Brownfield the two companies will complement each other.

“When you look at Heritage Cooperative’s revenue stream we’re about 85 percent grain and agronomy… Agland’s business makeup is roughly 50 percent energy so when you put the two companies together, you get a smoothing effect and a better balance in the business portfolio,” says Rowe.

Heritage Cooperative includes 30 locations which serve over 3,300 farmer members, and over 4,000 rural and urban customers in Central Ohio. Agland Co-op Inc has 23 locations in Ohio, Pennsylvania, West Virginia, Illinois and Kentucky and serves over 1,900 members.

Rowe says no facilities or services are expected to be cut as a result of the merger. The merger is expected to be complete by September 1st.