ST. PAUL, MINN., Sept. 17, 2012 – Members of Ostrander Farmers’ Co-op, Ostrander, Minn., have voted to merge with CHS Inc., the nation’s leading farmer-owned cooperative, and combine operations with the CHS Grand Meadow business. The group began operations Sept. 10, 2012, with plans to complete the merger in the next 30 to 60 days.
“We are confident this decision brings expanded opportunities for our members,” said Rick Jahn, board of directors president, Ostrander Farmers’ Co-op. “Our customers will continue to have the quality products and services they’ve come to expect with the added advantage of strong CHS connections to global supplies and markets.”
“The business opportunity is a strategic move for both companies,” explained John McEnroe, executive vice president, CHS Country Operations. “And it aligns well with the CHS commitment to helping our farmer-owners grow their businesses.”
“Our geographies and services match up well, making the combination a plus for both companies with efficiencies and enhanced services,” explained Deke Stejskal, general manager at Grand Meadow.
Patrons of Ostrander Farmers’ Co-op should expect a smooth transition with a continuity of services as the company moves to operate under the CHS name.
Serving area farmers for more than a century, Ostrander Farmers’ Co-op offers agronomy and feed, as well as grain marketing and handling services at four locations in Minnesota and Iowa.
CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. 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, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2011, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.co