On Tuesday, United Cooperative CEO David Cramer announced that his company’s board of directors signed a letter of intent to allow a wholly-owned subsidiary of United Cooperative to pursue a merger with Pulaski Chase Cooperative in Pulaski.
“Pulaski Chase Cooperative came to us this fall looking for a cooperative partner to work with so they could provide their patron members with an expanded supply of products and services,” Cramer said. “This merger will allow us to offer more advanced services in the central-Wisconsin area to accommodate the ever-changing needs of the agriculture industry.”
In the coming months, there will be several meetings in the Pulaski Chase Cooperative trade area to inform employees and patrons about the proposed merger. Once the informational meetings are complete, ballots will be mailed to the Pulaski Chase Cooperative voting patron members. If approved, the merger will take affect in early 2012.
Cramer says Pulaski Chase has feed, grain, agronomy, and energy departments as well as a hardware store and automotive and machinery parts business. The co-op recorded $22 million in sales during their previous fiscal year.
Earlier this month, United Cooperative signed a different letter of intent to allow United Shawano County Cooperative, a subsidiary of UC, to pursue a merger with Mid-County Cooperative in Shawano. That merger is also expected to take effect in early 2012.