The Boards of Directors of Crystal Valley Cooperative, Mankato, MN and United Farmers Cooperative, Winthrop, MN have unanimously agreed to proceed with a formal unification study.
Both cooperatives possess strong balance sheets, share common values and company cultures, and have similar operating practices making this an appealing opportunity to explore. In addition, both boards of directors believe the best time to consider a merger is when both cooperatives are performing well financially.
The boards of directors of both cooperatives believe a merger could potentially create value for member-owners through improved efficiencies, expanded access to resources and ability to influence supply chains; all while providing enhanced opportunities to attract and retain the best employees to keep our coop strong. If the study indicates a merger is beneficial for both cooperatives, a plan would be presented to members for a vote in the spring of 2023.
We have prepared a list of Frequently Asked Questions and encourage you to review these for additional information.
If you have other questions, concerns or comments, please reach out to one of our local board members or contact CEO Roger Kienholz at Crystal Valley Cooperative, at 507-726-6455.