Unanimous Votes from CPI and Landmark Boards Brings Merger to Next Stage
- Created on Friday, 10 June 2011 11:50
During a special joint meeting of the respective Boards of Cooperative Plus and Landmark Services Cooperative held at the Janesville Convention Center in Janesville, Wisconsin on June 9, a presentation detailing the Plan of Merger for the two entities was reviewed. After careful consideration and much open discussion by both Boards, a roll call vote to approve the Plan of Merger was put forth and was approved unanimously by the leadership of both cooperatives.
The next stage of the merger process between Cooperative Plus and Landmark will be a balloted vote and special meeting on the Plan of Merger by the Cooperative Plus membership. Informational meetings for Cooperative Plus members will be held on June 30 in Union Grove and July 6 in Burlington and Elkhorn. The final vote and special meeting will be held on July 18. Upon a majority vote by the Cooperative Plus membership, the merger would become final the end of each cooperative’s fiscal year, which is September 30, 2011.
Cooperative Plus posted $72 million sales in 2010. The cooperative has seven locations and over 5,000 active members in southeastern Wisconsin and northeastern Illinois. The headquarters is located in Burlington, Wisconsin with additional sites in Clinton, Elkhorn, East Troy, Genoa City, Union Grove and Whitewater. Cooperative Plus offers its members Agronomy, Animal Nutrition, Grain, Energy and Retail products and services. Landmark Services Cooperative, headquartered in Cottage Grove, Wisconsin, reached sales of $288 million 2010. Employing nearly 400 people and with a membership of over 15,000, Landmark provides Agronomy, Energy, Animal Nutrition, Grain, Retail and Transportation products and services through sixteen locations throughout south-central Wisconsin and northern Illinois.