United Prairie Acquires Northern Illinois Alliance
United Prairie LLC to acquire Northern Illinois Alliance
TOLONO, ILL., Feb. 23, 2016 – United Prairie LLC, a full-service agronomic retailer serving farmers in central Illinois, announced today it will acquire Northern Illinois Alliance, a retail agronomy joint venture between Illinois-based Elburn Cooperative and CHS Inc., the leading U.S. farmer-owned cooperative. The boards of the two entities recently voted in favor of the sale, which is expected to be finalized by March 1, 2016.
“Both Northern Illinois Alliance and United Prairie have similar approaches to meeting our customers’ needs and we agree that doing what’s best for them is our first priority,” said Tim Gocken, general manager, Northern Illinois Alliance. “Coming together allows us to combine valuable technology and resources so we can continue to help our growers optimize their yields season after season.”
“We are excited about bringing our two organizations together and building off of what each has started,” said Tim Hughes, general manager, United Prairie. “It’s in our farmers’ best interests to grow this business. It allows us to be most efficient with our current resources, as well as invest in even more precision ag products and technology because we can utilize those over a larger footprint.”
The pending merger of Elburn Cooperative and CHS on March 1 provided a unique opportunity to build out and strengthen the agronomic offerings for farmers in this area of east central Illinois. Northern Illinois Alliance brings 30,000 ton of dry storage, 15,000 ton of liquid storage and 50 car-rail siding, along with dry fertilizer blending services and 24-hour access for 32 & 28% nitrogen loading to United Prairie’s current scope.
No interruption of service to customers is expected during the transition.
About United Prairie
Formed in 1996, United Prairie, LLC (unitedprairiellc.com) serves the seed, fertilizer and crop protection needs of central Illinois farmers from retail locations in Tolono, Emery, Ivesdale, Pierson, White Heath, Dewey and Jamaica. The business operates under a philosophy that puts a priority on adapting and growing to meet the needs of the local grower. Owned by Premier Cooperative, CHS Inc. and Topflight Grain Inc., United Prairie is managed by a board of directors comprised mainly of local Illinois growers.
About Elburn Cooperative
Elburn Cooperative (elburncoop.com ), in business since 1921, serves its owner-farmers as a full-service supplier of agronomy, feed, seed, energy and grain marketing services from 12 locations in north central Illinois and south-central Wisconsin.
About CHS Inc.
CHS Inc. (chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document and other CHS Inc. publicly available documents contain, and CHS officers and representatives may from time to time make, “forward–looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Report Act of 1995. Forward–looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Forward–looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on CHS current beliefs, expectations and assumptions regarding the future of its businesses, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of CHS control. CHS actual results and financial condition may differ materially from those indicated in the forward–looking statements. Therefore, you should not rely on any of these forward–looking statements. Important factors that could cause CHS actual results and financial condition to differ materially from those indicated in the forward–looking statements are discussed or identified in CHS public filings made with the U.S. Securities and Exchange Commission, including in the “Risk Factors” discussion in Item 1A of CHS Annual Report on Form 10–K for the fiscal year ended August 31, 2015. Any forward–looking statements made by CHS in this document are based only on information currently available to CHS and speak only as of the date on which the statement is made. CHS undertakes no obligation to publicly update any forward–looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.