Indiana Co-ops partner to buy Michigan CHS assets
June 11, 2020 By Nicole Heslip Filed Under: Ag Mergers & Acquisitions, Indiana, Michigan, News
Indiana-based agricultural cooperatives Ceres Solutions and
Co-Alliance are forming a joint venture with the intent to buy CHS assets in
CHS executive vice president Rick Dusek says the proposed
transaction to buy a CHS-owned ag retail business
would expand operations of the cooperatives and allow CHS to reinvest in retail
operations more closely aligned with its core business supply chain.
Negotiations will continue with due diligence activities and,
pending board approvals, the transaction could be completed later this year to
serve farmers throughout central Michigan.
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