Shareholders Approve Co-op Merger

Posted: Updated:

The boards of directors for Wabash-based North Central Co-op and Crawfordsville-based Ceres Solutions have announced the merger of the two agricultural cooperatives has been approved by shareholders. Ceres says the merger will go into effect beginning September 1.

The combined entity, which will be known as Ceres Solutions Cooperative, will serve members in 29 Indiana counties and seven counties in Michigan. Ceres says it will encompass more than 50 agronomy, energy, feed and grain facilities throughout both states.

"Our membership has voted their confidence that we are stronger together," said Mark Tullis, chief executive officer of NCC. "We’ll face all the dynamic, fast-paced changes in our industry in a stronger position together, thanks to this proactive decision by our boards and members. We look forward to the opportunities this merger will bring to our cooperative, and we’re ready to get to work."

When the merger was announced in November, Tullis said it would allow both organizations to address the "dynamic changes" in the agricultural community while maintaining local control.

"We believe the strengths to be gained through this merger will be significant," said Jeff Troike, CEO of Ceres Solutions. "We’ll begin to explore these strengths together, knowing our commitment to remain responsive and relevant to local customers remains the same."

  • Perspectives

    • Investing Lessons from Mount Elbert

      With little mountain-climbing experience under any of our belts, a few friends and I decided to take on Mount Elbert, Colorado’s tallest mountain. While regular climbers may not consider this “Gentle Giant” a tall task, it was for us inexperienced climbers.  Is investing your “tall task”? If so, you can learn a lot from our experiences. And you won’t have to climb a mountain to do it!



  • Most Popular Stories

    • ‘Potential’ Fueling Downtown Makeover in Fort Wayne

      As Fort Wayne prepares to christen its latest big downtown project, Mayor Tom Henry says there are no signs of transformational development slowing down in the state’s second largest city. The Landing, a $34 million downtown redevelopment project, is expected to officially open soon, one of an estimated 14 projects that Henry says can help Fort Wayne become a destination city. Since the opening of Parkview Field more than a decade ago, Henry says momentum has...

    • New study reveals best place in Indiana for young families

      And the Best Place for Young Families Goes To...

      What do you look for in a community when deciding where to start a family and raise your children? There can be several factors to weigh in making a sound decision. Housing affordability. Unemployment rates. Quality of education. Mortage website has released the results of a study pointing to the best places for young families in Indiana.

    • (image courtesy of WPTA TV)

      Indiana Plants Impacted by UAW Strike

      The United Auto Workers union, which totals approximately 49,000 workers at 33 General Motors Co. (NYSE: GM) plants nationwide, went on strike at midnight. The strike affects workers at GM plants in Fort Wayne, Bedford, Marion and Kokomo. The Fort Wayne plant, which assembles full-size pickup trucks, employs about 4,500 UAW workers. Our partners at WPTA-TV in Fort Wayne report several hundred were seen on the picket line throughout the day. In all, about 7,000 UAW...

    • Photo courtesy of Bristol Parks

      Startup Plans to Add 250 Jobs By 2021

      A metal forming startup is seeking to use a facility in Bristol that has been empty since 2017 for a major manufacturing operation. The Elkhart Truth reports Brinco will invest $52 million in the project and add 250 jobs.

    • Diamond K Sweets Fudge O'Bits

      Spencer Confectionery to be Featured on QVC

      Spencer-based Diamond K Sweets will feature their trademark product this fall on QVC. The company's Fudge O'Bits Holiday Bundle will soon be offered to QVC shoppers, which features its company's top  four selling flavors of fudge.