CHS & West Central Ag Systems Announce Merger
A merger in the agriculture business. Ulen-based West Central Ag Services has signed a nonbinding letter of intent to combine with CHS. Duane Brendemuhl, West Central Ag president and chair said in a statement: “Our two cooperatives are aligned in our vision to advance the cooperative system and best serve our owners by connecting our producers to the global marketplace. “This proposed transaction provides an opportunity to bring more value to our farmer owners and compete more effectively with other local ag companies, while positioning us for the future success of a combined cooperative through efficient, globally connected supply chains.” Both sides will begin due diligence on the proposed transaction, which is subject to necessary approvals.