The Board of Directors of NEW Cooperative wish to announce a merger study with United Farmers Cooperative (UFC) headquartered in Red Oak. The study will provide a more in-depth review of both companies and the potential benefits for each membership if a merger were to occur.
Over the next several weeks, management from both companies will continue to meet and explore the potential value to both memberships working together as a combined organization. This process will be guided by the board of directors and staff of each cooperative.
As the work begins, we want to ensure you that any decision must first be in the best interest of both member owners and employee teams. As our organizations work through this process, additional information will be shared.
The management teams from both organizations have known each other for many years and are looking forward to spending time together during this merger study process.