|Board members from both cooperatives met earlier this week |
to discuss the merits of a merger.
"We felt the time was right to pursue a merger," stated Cowan. "Combined we have the potential to position ourselves strategically for the future, creating tremendous opportunities for our members."
MKC President and CEO, Dave Christiansen, noted the cooperatives share a similar culture and vision, are comparable in product and service offerings, and are financially sound. "Both cooperatives focus on improving customer experience" stated Christiansen. "Together we have the potential to increase our relevance in the industry which will leverage our vendor relationships." The benefits this will deliver to our stockholders, employees, customers and communities are significant. "
Although the boards of both co-ops have endorsed the idea of a merger, each membership will be asked to approve it.
About Frontier Ag: With annual sales of $490 million, Frontier Ag, Inc. is a full-service cooperative, offering grain, feed, agronomy, energy, and transportation products and services to over 5,700 members in eleven (11) counties throughout northwest Kansas.
About MKC: With annual sales of $450 million, MKC is a full-service cooperative offering grain, feed, agronomy and energy products and services to over 6,400 members in eleven (11) counties throughout central Kansas.