After being partners in the success of Valley Agronomics for the past 8 years, the Board of Directors of both Valley Coops of Jerome and Valley Wide Cooperative of Rupert have unanimously approved the signing of a Letter of Intent to merge both companies into one entity. Both companies share a joint heritage in Agronomy, Retail, Feed and the Fuel and Propane business with cooperative roots that date back to the 1930’s.
Board Chairman for Valley Wide Cooperative, Bill McManus believes that this merger is essential to the long term strength and survivability of the cooperative. “It’s vital for us to grow and maintain market relevance in this highly competitive environment for the benefit of our members and our employees”, said Bill. “Everyone acknowledges that agriculture continues to change and evolve at a rapid pace and it will require cooperatives working together – as one - to continue to meet the needs and expectations of our changing and growing customer base”.
Carl Pendleton, Chairman of the Board for Valley Coops feels that combining both coops will bring great value to the members of both cooperatives. “The strengths of both cooperatives will be leveraged to bring value to all of our members well into the future”, said Carl. “Combining these two companies will produce a stronger, farmer-owned cooperative that will be positioned to not only compete, but thrive well into the future”.
The signing of the Letter of Intent will pave the way for the management of both companies to design and develop the Plan of Merger which the patrons will vote on in May of this year.
Valley Co-Op is a locally owned cooperative proudly serving area agricultural producers, commercial businesses and families in Southern Idaho. The result of a merger between Idaho Grange Co-op & Wendell Grange Supply in 1991, both parent cooperatives had a history of serving the needs of area customers dating back to the 1930’s. Following founding traditions of honesty and caring for others, Valley Co-Op is motivated by service. They provide needed and high quality goods and services at affordable prices in a socially responsible and ethical manner. Valley Coops serves patrons in the Magic Valley from 9 locations with a team of 200 employees.
Valley Wide Cooperative, also a locally owned cooperative, has experienced growth and success through several mergers over the past 15 years and operates by the cooperative principle that more can be accomplished working together than as individuals. They pride themselves in the level of service they offer, the facilities they have built and the quality of employees that make up the Valley Wide team. Valley Wide serves its patrons from Western Wyoming to Eastern Oregon through 34 locations and the efforts of over 350 employees.
for more information you can also check http://www.valleyco-ops.com