ST. PAUL, Minn., April 14, 2014 /PRNewswire/ -- River Country
Cooperative, a diversified ag retailer based in South St. Paul, Minn., and CHS Inc. (NASDAQ:
CHSCP), the nation's leading farmer-owned cooperative, have
completed their study of a formal business merger between the two
and will move the process forward, pending further due diligence.
The proposed business agreement will be voted upon by River Country
Cooperative's membership this summer.
"The business is solid today, but our customers' needs are
changing and we want to grow our size and scale to meet those
needs," said Myron Tank, chairman of
the board, River Country Cooperative. "We looked at a number of
different ways to do that and determined CHS would be the best
partner to align with for the future."
"Our commitment is always to our owners and customers around how
we can help them grow and succeed," explained John McEnroe, executive vice president, CHS
Country Operations. "The business opportunity that allows us to
expand our resources within our core territory is certainly a
strong benefit to our owners."
In business since 1935, River Country Cooperative is a
full-service supplier, providing fuel, fertilizer, grain and feed
products and services to customers from 14 locations in
east-central Minnesota.
CHS Inc. 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 contains forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995
that are based on management's current expectations and
assumptions. These forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from the potential results discussed in the
forward-looking statements. The company undertakes no obligations
to publicly revise any forward-looking statements to reflect future
events or circumstances. For a discussion of additional factors
that may materially affect management's estimates and predictions,
please view the CHS Inc. annual report filed on Form 10-K for the
year ended Aug. 31, 2013, which can
be found on the Securities and Exchange Commission web site
(www.sec.gov) or on the CHS web site www.chsinc.com.
SOURCE CHS Inc.