Elburn Cooperative members vote to merge with farmer-owned CHS

Dec 16, 2015, 10:11 ET from CHS Inc.

ST. PAUL, Minn., Dec. 16, 2015 /PRNewswire/ -- With 81% of eligible producers voting, 94% cast an affirmative ballot for the merger of Elburn Cooperative, a diversified agricultural retailer based out of Sycamore, Ill., and CHS Inc. (NASDAQ: CHSCP), the nation's leading farmer-owned cooperative. The merger will become effective in March 2016, pending appropriate due diligence by both organizations and approval by the CHS Board of Directors.

"We have always had an open dialogue with CHS about the many great opportunities they could offer us," said Tracy Jones, board chairman, Elburn Cooperative. "Merging with CHS offers us a more competitive size and scale than we've had in the past on our own. This merger positions us to return the greatest value to our patrons and for future generations."

"We are excited about the opportunities ahead for both customers and employees of Elburn Cooperative," said Lynden Johnson, executive vice president, CHS. "We look forward to enhancing and building upon the already-strong local cooperative expertise available to producers in the region."

Customers should expect a smooth transition, including continuity of staffing at its current locations. Phil Farrell will continue to lead the group as general manager.

CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.

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