The Illinois-based agricultural cooperative GROWMARK Inc. has struck a deal with Southern States Cooperative, based in Richmond, Va., to assume Southern States' wholesale agronomy, fuel and propane assets.
Both companies have agreed to close on the transaction Sep. 1. GROWMARK would also assume several Southern States Cooperative retail locations in Delaware and Maryland.
GROWMARK CEO Jim Spradlin said the partnership enables both organizations to further the goal of being the best agricultural cooperative system in North America.
“The cooperative model is uniquely positioned to deliver that, so this combination of efforts is great news for farmers invested in our cooperative organizations,” Spradlin said.
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Jeff Stroburg, President and CEO of Southern States, said the company is proud to partner with GROWMARK to extend combined services to members.
“GROWMARK is recognized as one of the premier cooperatives in the nation, and Southern States is excited to partner with them in strengthening our capabilities to serve our customer-owners and our member cooperatives,” Stroburg said.
GROWMARK will provide crop inputs, fuels, propane, and a variety of customer support and marketing services to Southern States member cooperatives. Southern States says it will continue to deliver custom solutions with access to GROWMARK’s product mix, distribution expertise, and drive for innovation.
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