According to today's press release, "The immediate advantages to both organizations would be alignment between two strong midwestern agricultural operations, and potential synergies of procurement, logistics, and other opportunities. Both Ceres Solutions and United Prairie would continue to operate independently in their customer-facing segments and compete in the marketplace."
United Prairie was formed in 1996 combining the crop production divisions of Unity Grain and Grand Prairie Cooperative. Over the past 20 years, the operation has grown to 11 retail locations throughout central Illinois.
"The proposal demonstrates the ongoing importance of developing strong strategic partnerships to continue to serve local farmers with products, services, technologies, and innovation," said Curt Miller, CEO of United Prairie. "United Prairie’s direction has always been to add cooperative owners that enhance our ability to provide the highest level of service and value to the growers we serve."
The transfer of ownership is expected to be completed by August 1.
Jeff Troike, CEO of Ceres Solutions added, "We’re pleased to take this next step in making an investment that will benefit both Ceres Solutions and United Prairie."
United Prairie to add partner, Ceres Solution to acquire one-fifth ownership
TOLONO -- Ceres Solutions, an agricultural cooperative based in Crawfordsville, IN, announced today the company's intent to purchase a significant share of Tolono-based United Prairie LCC.
Ceres Solutions would become 20% owner of the operation and existing stakeholders in United Prairie would have reduced ownership percentages accordingly.
According to today's press release, "The immediate advantages to both organizations would be alignment between two strong midwestern agricultural operations, and potential synergies of procurement, logistics, and other opportunities. Both Ceres Solutions and United Prairie would continue to operate independently in their customer-facing segments and compete in the marketplace."
United Prairie was formed in 1996 combining the crop production divisions of Unity Grain and Grand Prairie Cooperative. Over the past 20 years, the operation has grown to 11 retail locations throughout central Illinois.
"The proposal demonstrates the ongoing importance of developing strong strategic partnerships to continue to serve local farmers with products, services, technologies, and innovation," said Curt Miller, CEO of United Prairie. "United Prairie’s direction has always been to add cooperative owners that enhance our ability to provide the highest level of service and value to the growers we serve."
The transfer of ownership is expected to be completed by August 1.
Jeff Troike, CEO of Ceres Solutions added, "We’re pleased to take this next step in making an investment that will benefit both Ceres Solutions and United Prairie."
According to today's press release, "The immediate advantages to both organizations would be alignment between two strong midwestern agricultural operations, and potential synergies of procurement, logistics, and other opportunities. Both Ceres Solutions and United Prairie would continue to operate independently in their customer-facing segments and compete in the marketplace."
United Prairie was formed in 1996 combining the crop production divisions of Unity Grain and Grand Prairie Cooperative. Over the past 20 years, the operation has grown to 11 retail locations throughout central Illinois.
"The proposal demonstrates the ongoing importance of developing strong strategic partnerships to continue to serve local farmers with products, services, technologies, and innovation," said Curt Miller, CEO of United Prairie. "United Prairie’s direction has always been to add cooperative owners that enhance our ability to provide the highest level of service and value to the growers we serve."
The transfer of ownership is expected to be completed by August 1.
Jeff Troike, CEO of Ceres Solutions added, "We’re pleased to take this next step in making an investment that will benefit both Ceres Solutions and United Prairie."
Winter Wonderland: Sentinel area snow scenes
With much of the Sentinel area blanketed from this week's snowstorm, we asked followers on Twitter and Facebook to send us their snow photos to share. Below are some of the moments and scenes readers wanted to share.
Did you get a really cool snow pic from this week's storm that we can share with our readers? Email it to us at editor@oursentinel.com. Deadline for submissions is 6pm on Saturday, February 5.
Sidney
Sophia Dillman makes a snow angel. Photo courtesy of Elizabeth Whalen.
Tolono
Duke. Photo courtesy of Alli Griffin.
Tolono
Photo courtesy of Paul Noerenberg.
Sidney
Sophia Dillman out enjoying the heavy snowfall. Photo courtesy of Elizabeth Whalen.
Tolono
Photo courtesy of Cassie Roberts.
Tolono
Photo courtesy of Dave Bryan.
Tolono
Photo courtesy of Gary Brown.
Tolono
Photo courtesy of Josh Hellmer.
Tolono
Photo courtesy of Toni Waltzer David.
Did you get a really cool snow pic from this week's storm that we can share with our readers? Email it to us at editor@oursentinel.com. Deadline for submissions is 6pm on Saturday, February 5.
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