ST. PAUL, Minn., Sept. 23, 2014 /PRNewswire/ -- CHS
Inc. (NASDAQ: CHSCP), an energy, grains, and foods company
and the nation's leading farmer-owned cooperative, and United
Prairie, LLC, a leading full-service agronomy retailer in central,
Ill., today announced CHS has agreed in principal to join United
Prairie as a new partner and owner.
"CHS as a new partner will allow us to bring additional services
and cutting edge technologies to our customers," said Tim Hughes, general manager, United Prairie,
LLC. "As a locally owned company we are always focused on bringing
better services and offerings to our patrons. Adding CHS to our
ownership group accomplishes that mission and more. This is a real
win-win for the patrons and employees of United Prairie and
CHS."
"This investment is an important part of our strategic growth
plans on behalf of our farmer-owners," said Lynden Johnson,
executive vice president, Country Operations division of CHS. "We
are always looking for opportunities to strengthen local resources
that ultimately help our owners and other customers grow their
operations."
"This is a rare opportunity for our patrons to access new
technologies and strengthen the already high level of service
United Prairie offers," said Scott
Docherty, United Prairie, director, and general manager of
Topflight Grain Inc. "The new ownership group is still locally
controlled but adds the tremendous resources that CHS brings."
"This is an opportunity to bring additional value to our
customers and employees," said Roger
Miller, United Prairie, board president, and CEO of Premier
Cooperative. "Adding CHS to our ownership group will give our
patrons the improved purchasing power that a company with the size
that CHS brings."
Formed in 1996, United Prairie, LLC, serves the seed, fertilizer
and crop protection needs of central Illinois farmers from retail locations in
Tolono, 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 jointly by Premier Cooperative and
Topflight Grain Inc., United Prairie is managed by a board of
directors comprised mainly of local growers.
CHS Inc. (www.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 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, 2014, 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.