United Co-op Board OKs Merger
The United Cooperative Board of Directors, based in Beaver Dam, signed a letter of intent to allow United Shawano County Cooperative to pursue a merger with Mid-County Cooperative in Shawano.
Officials with both companies say a series of meetings in the Mid County Cooperative trade area will be held to inform employees and patrons about the proposed merger. Once the informational meetings are complete, ballots will be mailed to the Mid County Cooperative voting patron members. If approved, the merger will take affect in early 2012.
“The United Cooperative feed division has been providing logistical support to the Mid County Cooperative feed division for several months, now,” said UC President David Cramer. “United Cooperative looks forward to working with more of Mid County Cooperative’s customers and providing them with quality product, excellent service, and financial success.”
Mid-County Cooperative generated revenues for the fiscal year ending September 30 in excess of $23 million. Cramer says Mid County Cooperative has feed, grain, agronomy, and energy departments, so it is a nice fit to company’s core business structure.
Formed in 1936, United Cooperative is a full-service cooperative with feed, grain, agronomy, fuel, lubricant, and propane locations throughout south-central Wisconsin. They documented $325 million in sales in 2010 and employ about 500 full-time, part-time and seasonal Wisconsin citizens.
Earlier this summer, board members of Cooperative Plus and Landmark Services Cooperative voted to combine their operations. That firm is now called Landmark Services Cooperative.