HAMILTON, Mich., Sept. 15, 2011 /PRNewswire/ -- Hamilton Farm Bureau (HFB), a producer-owned cooperative serving western Michigan, has completed its merger with CHS Inc. (Nasdaq: CHSCP), the nation's largest member-owned business and a leading energy, grains and foods company.
"Joining with CHS maximizes our ability to add value for the producers and the communities we serve," said Bob Fenton, who was HFB president and CEO and now serves as its General Manager following the merger with CHS. "We'll continue to provide our members and customers with the quality products and services they count on – from people they trust – with the added advantage of strong CHS connections to global supplies, markets and knowledge."
John McEnroe, senior vice president, CHS Country Operations division, said CHS looks forward to serving western Michigan producers through the HFB unit, a move which "aligns well with our CHS commitment to return value to member-owners."
Fenton added that customers will experience no change in their daily connections with HFB employees, delivery vehicles and telephone contacts. "We're delighted that our farmers are now owners of one of the most successful agribusinesses in North America and will share in CHS profits generated in Michigan," he said.
Hamilton Farm Bureau (www.hfb.com) was built on the principle of providing quality products and expert services to the communities it serves. For the past 90 years, it has done that and more, growing into a vital resource for agricultural producers, consumers and builders in Michigan.
CHS Inc. (www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world. A Fortune 100 company, CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States. CHS supplies energy, crop nutrients, grain, livestock 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. CHS is listed on the NASDAQ at CHSCP.
This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2010, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.
SOURCE Hamilton Farm Bureau; CHS Inc.