Land ‘O Lakes, United Suppliers Finalize Merger
August 24, 2015 According to a press release on August 24, owners of United Suppliers, Inc. and members of Land O’Lakes, Inc. “have overwhelmingly approved the merger of United Suppliers with Land O’Lakes’ crop inputs business.”
“This merger will allow us to continue to meet our customers’ needs through each company’s successful go-to-market strategy while providing for the size and scale to compete in an environment of consolidating suppliers and competitors,” says Chris Policinski, President and CEO of Land O’Lakes, Inc. “We are excited to bring our WinField business and United Suppliers together and expect our members, owners and customers will benefit greatly from this merger.”
United Suppliers, Inc., based in Ames, IA, will join with Arden Hills, Minnesota-based Land O’Lakes, Inc.’s crop inputs business. Initially the companies will combine seed and crop protection businesses under Winfield US, LLC. The crop nutrient businesses will merge in 2017 after the expiration of an existing non-compete agreement.
“Both organizations exist to increase our customers’ capabilities and competitiveness. By coming together, we are true to our shared purpose, and we also preserve our different approaches to best serve a wide variety of customer needs,” said Brad Oelmann, President and CEO of United Suppliers, Inc. “Together, we are positioned to protect and build the future of independent agricultural operations in an environment of consolidation.”
In 2014, WinField had $4.9 billion in seed and crop protection product sales and United Suppliers had $2.6B in crop protection, seed and crop nutrient sales. Closing is anticipated in October 2015.
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