Heritage Cooperative and Agland Co-op in negotiations to merge
Date:07-04-2016
Heritage Cooperative, Inc. and Agland Co-op, Inc. announced that they have entered into negotiations to consider a possible merger of the two cooperatives. The boards of directors of both cooperatives recently entered into a letter of intent to work toward an agreement of merger.
The boards of directors of both cooperatives believe a merger provides increased opportunities to diversify risks and expand member benefits.
Heritage Cooperative, Inc.
is a member-owned cooperative founded in 2009 by the consolidation of Champaign Landmark, Inc. of Urbana and The Farmers Commission Company of Upper Sandusky. Heritage serves the agricultural needs of farmers and residents in a 20 county area in central Ohio, extending from Hardin and Wyandot counties to the North, and Pickaway and Madison counties to the South. The cooperative includes 30 locations and serves over 3,500 farmer members, and over 4,000 rural and urban customers.
Agland Co-op, Inc. is based in New Philadelphia, Ohio and serves customers in Ohio, Pennsylvania, West Virginia, Illinois, and Kentucky. Agland was originally established in 1933 in Canfield, Ohio and most recently merged with Green Valley Co-op in 2014. Agland has 23 locations and serves over 1,900 farmer members.