MOUNDRIDGE, Kan. — Mid Kansas Co-Op (MKC) announced last week that it has entered into an agreement to acquire Mid-West Fertilizer, Inc., in Paola, Kansas. The deal was finalized May 12.
"Together, the acquisition strengthens our position in the marketplace and will allow us to expand our services to create additional value for our owners and customers,” MKC President and CEO Brad Stedman said. "We see growth of our footprint as a key part of our strategy. Mid-West Fertilizer is a strong ag retail organization with a great team. The synergies gained through this acquisition will allow both companies to continue to achieve greater success."
The acquisition included grain, wholesale and retail agronomy, energy, feed and trucking. MKC and Mid-West Fertilizer have worked beside one another for three years through their relationship with Team Marketing Alliance, LLC, a majority-owned subsidiary of MKC. Mid-West will be operated as a wholly-owned subsidiary of MKC. Mid-West President Rod Silver will continue to provide leadership to the acquired company.
"We chose to partner with an organization that will continue to bring value to producers, provide employees career development opportunities and allow our organization to be successful well into the future," Silver said. "I look forward to the long-term value and new opportunities for our producers, employees and communities."
MKC, headquartered in Moundridge, Kansas, is a full-service farm cooperative offering a complete line of products, programs and services for both farm and urban customers throughout Kansas.
MKC’s current membership is nearly 10,000 and employs more than 375 workers. MKC opened for business in 1965.