The Board of Directors of Allied Cooperative and Arcadia Co-op recently signed a letter of intent for a merger between the two cooperatives.
The Boards have identified many advantages to a unification of the two cooperatives.
“We believe the merger is a natural fit,” said Arcadia Co-op General Manager Bob Boberg. “With an increasingly competitive and ever-changing marketplace, a strong cooperative will help to protect our members equity while ensuring that our members have the products and services they require. The two cooperatives share the same vision and commitment to our customers, employees and the communities we serve. Together our goal is to become an even stronger cooperative for future generations by combining our talents, staff and resources.”
Over the next several weeks the co-ops will be undergoing a complete feasibility study. Assuming the study goes as expected, member meetings will be set-up and ballots will be sent to each of Arcadia Co-op’s voting members later this summer. If the merger is approved by the membership, the merger’s effective date will be December 1, 2014.
Arcadia Co-op is a $30 million cooperative. The co-op has bulk fuels, LP, agronomy, and feed operations. It also has a convenience store and an automotive service center.
Allied Cooperative is a $230 million cooperative which serves customers throughout central and western Wisconsin and eastern Minnesota. The cooperative has six divisions: agronomy, energy, feed, grain, transportation and retail. They have operations in Adams, Blair, Galesville, Mauston, Melrose, Mindoro, Plainfield, Plover, Tomah, West Salem, Wisconsin Dells and Wisconsin Rapids.