Two cooperatives are joining forces. Growmark, Inc., headquartered in Bloomington, Illinois, and Richmond, Virginia, based Southern States Cooperative plan to close on a transaction Sept. 1, 2020, to align the organizations.
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 provide crop inputs, fuels, propane, and a variety of customer support and marketing services to Southern States and its member cooperatives.
“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, “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."
Growmark is an agricultural cooperative with annual sales of $8.7 billion in fiscal year 2019. It provides agronomy, energy products and services, as well as grain marketing and a variety of support services throughout North America. Growmark owns the FS trademark, which is used by affiliated member cooperatives.
Southern States Cooperative serves retail and wholesale outlets across 21 states, providing a wide range of farm inputs including fertilizer, seed, livestock feed, pet food, animal health supplies, petroleum products, and various other items for the farm and home.