Growmark, Southern States to Merge Parts of Businesses
Two major U.S. cooperatives - Growmark, with annual sales of $8.7 billion - and Southern States, with outlets across 21 states, announced that they will be closing a deal on September 1, 2020 that will merge parts of each business, aligning the organizations to enhance innovation, growth, and returns for the farmer-owners of both cooperatives.
Under the terms of the transaction, Growmark will acquire the wholesale agronomy and energy assets of Southern States along with several retail locations in Delaware and Maryland. Growmark will provide crop inputs, fuels, propane, customer support, and marketing services to Southern States, and in return, Southern States will deliver custom solutions with access to Growmark’s products lines, distribution expertise, and capacity for innovation.
It is believed by both cooperatives that this merging, or partnership, will enhance the cooperative’s ability to deliver “an unsurpassed customer experience” and will strengthen the capabilities of both organizations.