Voting members of Greenway Cooperative, a diversified ag retailer based in Rochester, Minn., have approved a merger with CHS Inc. The proposal passed with a 79 percent approval and will become effective April 1, 2014, pending appropriate due diligence by both organizations and final approval by the CHS board of directors.
“Our vision and purpose lines up well with CHS and our members recognized that,” said Gary Hoffman, board chairman, Greenway Cooperative. “This is the right thing for us to do for our customers and our employees.”
“This is a good match for both companies,” said Rick Jahn, board chairman, CHS Ostrander-Grand Meadow, which is slated to combine operations with Greenway Cooperative to form a new business unit for CHS.
“This is a strategic decision that will bring enhanced services and market opportunities to area producers,” said John McEnroe, executive vice president, CHS. “It’s one more way we demonstrate our commitment to helping our owners grow their businesses.”
CHS said patrons of Greenway should expect a smooth transition, including continuity of staffing at its locations. Tim Clemens will serve as general manager for the new business unit of the CHS Country Operations Division.