Wednesday, August 12, 2020
Growmark Inc. (Bloomington, Ill.) and Southern States Cooperative (Richmond, Va.) announced on Aug. 10 plans to close on a transaction on Sept. 1 that aligns the organizations operationally to yield increased innovation, growth, and returns for the farmer-owners of both cooperative systems.
Growmark will assume the wholesale agronomy and energy (fuels and propane) assets of Southern States, along with several retail locations serving farmers in Delaware and Maryland. Growmark will also provide crop inputs, fuels, propane, and a variety of customer support and marketing services to Southern States and its member cooperatives. They, in turn, will continue to deliver custom solutions with access to Growmark’s product mix, distribution expertise, and drive for innovation.
“Growmark’s vision is to be the best agricultural cooperative system in North America, and this partnership enables our organizations to further that goal together,” said Growmark CEO Jim Spradlin. “We are committed to delivering an unsurpassed customer experience to the patrons we serve across North America. The cooperative model is uniquely positioned to deliver that, so this combination of efforts is great news for farmers invested in our cooperative organizations.”
Jeff Stroburg, president and CEO of Southern States added, “We at Southern States are proud to partner with Growmark to extend our combined services to our members. Growmark is recognized as one of the premier cooperatives in the nation and Southern States is excited to partner with them in strengthening our capabilities to serve our customer-owners and our member cooperatives.”
SOURCE: The Weekly Propane Newsletter, August 13, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
Growmark will assume the wholesale agronomy and energy (fuels and propane) assets of Southern States, along with several retail locations serving farmers in Delaware and Maryland. Growmark will also provide crop inputs, fuels, propane, and a variety of customer support and marketing services to Southern States and its member cooperatives. They, in turn, will continue to deliver custom solutions with access to Growmark’s product mix, distribution expertise, and drive for innovation.
“Growmark’s vision is to be the best agricultural cooperative system in North America, and this partnership enables our organizations to further that goal together,” said Growmark CEO Jim Spradlin. “We are committed to delivering an unsurpassed customer experience to the patrons we serve across North America. The cooperative model is uniquely positioned to deliver that, so this combination of efforts is great news for farmers invested in our cooperative organizations.”
Jeff Stroburg, president and CEO of Southern States added, “We at Southern States are proud to partner with Growmark to extend our combined services to our members. Growmark is recognized as one of the premier cooperatives in the nation and Southern States is excited to partner with them in strengthening our capabilities to serve our customer-owners and our member cooperatives.”
SOURCE: The Weekly Propane Newsletter, August 13, 2020. Weekly Propane Newsletter subscribers receive all the latest posted and spot prices from major terminals and refineries around the U.S. delivered to inboxes every week. Receive a center spread of posted prices with hundreds of postings updated each week, along with market analysis, insightful commentary, and much more not found elsewhere.
