The Farmers Co-operative of Hanska, Hanska, Minnesota announced the purchase of New Vision Feed LLC (Mankato and Courtland) from New Vision Coop, Brewster, MN effective June 15, 2015. Richard Wellmann, Farmers Co-operative of Hanska Board President, stated that the board evaluated all alternatives for their existing feed business and this was clearly the best option. Mr. Wellmann said “This situation was unique for the directors as Jim Jore, our General Manager, worked at the LLC and has an excellent knowledge of the customers, employees and facilities. We are delighted that this transaction came together for the benefit of all Farmers Co-operative of Hanska members. We officially welcome the New Vision Feed LLC customers and employees to the Farmers Co-operative of Hanska system!”
Jim Jore, General Manager, Farmers Co-operative of Hanska agreed with Mr. Wellmann’s assessment. “We are fortunate to acquire an ongoing, successful feed business with quality employees. This is a rare moment in time. Our Co-op’s needs fit so well with what the New Vision Feed LLC acquisition brings to the table. I am especially excited about the opportunity this provides Farmers Co-operative of Hanska’s members, LLC customers, as well as the employees from each company. This is a big decision for us but I believe it will prove to be very beneficial given the alternative of new construction.”
James Eigenberg, Chairman, New Vision Coop, said “The Mankato and Courtland employees and feed mills performed well for New Vision and I am certain they will for Farmers Co-op of Hanska. The Farmers Co-op of Hanska is a good fit for the LLC customers and employees. I am confident that Farmers Co-op of Hanska will continue to move this feed business forward.”
Transaction details were not disclosed.
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