- By Lynda Kiernan-Stone, Global AgInvesting Media
Two Nebraska Grain Co-Ops Advance Merger
The board of directors of Country Partners Cooperative (CPC) in Spalding, Nebraska, and All Points Cooperative (APC) located in Gothenburg, Nebraska have signed a Letter of Intent (LOI) to merge the two groups pending a vote by the members of both cooperatives later this year.
The signing the agreement, allows the two cooperatives to enter into the due diligence phase of the negotiation process.
The boards of both cooperatives recommend the completion of the merger stating that it will generate value for the stockholders, and strengthen the long-term competitive position of both groups on the market.
Benefits to the members will include better customer service, better assets and programs, better access to resources, and a higher standard of expertise.
“This is the right time to unify APC and CPC because both cooperatives are financially strong, and we can approach the opportunity from a position of strength,” says Tim Rowe, All Points Cooperative Board Chair.