CHS, an energy grains and foods company and the leading farmer-owned cooperative in the US, is in merger talks with Dakota Plains Cooperative, a full-service agribusiness headquartered in Valley City, North Dakota.
The companies are seeking approval from the members of Dakota Plains Cooperative and the CHS Board of Directors for the merger.
CHS noted that the merger would enhance agronomy assets in the east central area of North Dakota. The companies plan to construct three new fertilizer plants within the Dakota Plains trade area to take full advantage of the proposed fertilizer manufacturing facility in Spiritwood, North Dakota, currently under review by CHS.
Dakota Plains Cooperative board president Greg Svenningson said that Dakota Plains is excited to have the opportunity to partner with CHS.
"They have worked well with us in the past and we look forward to taking our relationship to the next level."
"This merger will allow Dakota Plains to more fully align and partner our growers with the nation's largest cooperative," Svenningson added.
CHS Country Operations executive vice president John McEnroe said that both organizations are looking for growth and expansion opportunities at the same time we protect member equity,
"We are always interested in investments that align with the CHS commitment to helping our farmer-owners grow their businesses," McEnroe said.
Dakota Plains Cooperative offers farmers and ranchers a full line of agronomy, seed, feed and energy services and products from 15 locations in central and southeast North Dakota.
CHS is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. The company is diversified in energy, grains and foods.
