Growmark, Inc. and Southern States Cooperative announced today plans to close on a transaction Sept. 1 that aligns the organizations operationally.
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. They, in turn, will continue to deliver custom solutions with access to Growmark’s product mix and distribution expertise.
“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, “We at Southern States are proud to partner with Growmark to extend our combined services to our members. 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 during the 2019 fiscal year. It provides agronomy, energy products and services, as well as grain marketing and a variety of support services throughout North America. Headquartered in Bloomington, Ill., Growmark owns the FS trademark, which is used by affiliated member cooperatives.
Southern States Cooperative is a Richmond, Va.-based cooperative serving 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.