Landmark Services, Countryside Co-op Looking to Merge
Wisconsin Ag Connection - 07/30/2020
Another pair of agricultural cooperatives are looking to join forces. The boards of directors for the Cottage Grove-bsed Landmark Services Cooperative and Countryside Cooperative of Durand announced they are exploring a potential merger agreement.
The co-ops said in a joint press release that board members with both groups voted to sign a Letter of Intent to consider the unification. The proposal now goes to the members of both organizations with the merger taking effect on March 1, 2021.
"As we focus on the benefits a merger could bring, we look forward to the potential of growing stronger together," said Landmark Board Chairman Jim Lange.
Countryside Chairman John Creaser adds that the move aims to safeguard equities and drive value for its members.
Once completed, the company's headquarters will be located in Cottage Grove and Landmark CEO Jim Dell will lead the newly formed group. Other key leadership positions are still being evaluated.
Landmark currently serves more than 11,000 members in southern Wisconsin, northern Illinois and eastern Iowa and employs more than 275 full-time people. Countryside now has 15,000 members in west-central Wisconsin and eastern Minnesota and has 500 workers on its payroll.