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Farm Events: |
Farm News: Mergers Approved With United CooperativecommentsPosted: 01.03.2012
Both Mid-County Cooperative membership, based in Shawano, Wis., and Pulaski Chase Cooperative membership, based in Pulaski, Wis., have voted in favor of mergers with wholly-owned subsidiaries of Beaver Dam, Wis.-based United Cooperative. After voting packets were mailed to members in early December, ballots were counted on Thursday, Dec. 29, 2011, from Mid-County Cooperative membership at 10 a.m. in Shawano and from Pulaski Chase Cooperative membership at 1 p.m. in Pulaski.
“United Cooperative is pleased with the results of the voting process with both Mid-County Cooperative and Pulaski Chase Cooperative,” commented David Cramer, United Cooperative president and chief executive officer. “We look forward to serving patron members from both cooperatives with the assets obtained through the mergers, in addition to future equipment and facility investments.”
This vote allows United Cooperative to move forward in the merger process for both Mid-County Cooperative and Pulaski Chase Cooperative; both mergers will become final on Feb. 1, 2012.
“United Cooperative strives every day to make sure we have the products and services to meet and exceed the needs of our patron members, regardless of the size and scope of their farming operation,” noted Cramer. “We look forward to working together and serving our new north-eastern-Wisconsin and upper-Michigan patron members and future patron members.”
With feed, grain, automotive, and energy departments, Mid-County Cooperative generated revenues for the fiscal year ending Sept. 30, 2011, in excess of $23 million.
Pulaski Chase Cooperative has feed, grain, agronomy, and energy departments, as well as a hardware store and automotive and machinery parts business. They recorded $22 million in sales during their previous fiscal year, ending July 31, 2011.
Formed in 1936, United Cooperative is a full-service cooperative with feed, grain, agronomy, fuel, lubricant, and propane locations throughout south-central Wisconsin. They exceeded $500 million in sales in 2011 and employ about 500 full-time, part-time, and seasonal Wisconsin citizens.
Current United Cooperative locations can be found in Baraboo, Beaver Dam, Deerfield, Hartford, Horicon, Hustisford, Iron Ridge, Johnson Creek, Mayville, Pickett, Poynette, Prairie du Sac, Reedsburg, Ripon, Rock Springs, Sauk City, South Beaver Dam, Watertown, and Wyocena.
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