Grower Resources > News > River Valley Cooperative News Articles > River Valley Cooperative and Michlig Grain Holdings, LLC Sign Purchase Agreement

River Valley Cooperative and Michlig Grain Holdings, LLC Sign Purchase Agreement

Mar 19, 2020

FOR IMMEDIATE RELEASE
 
DAVENPORT, Iowa and MANLIUS, Illinois (Thursday, March 19, 2020) – River Valley Cooperative, headquartered in Davenport, Iowa, and Michlig Grain Holdings, LLC today announced that they have signed an agreement for River Valley Cooperative to acquire the assets of Michlig Grain Holdings, LLC. River Valley Cooperative is expected to complete the acquisition by the end of May 2020.
 
Michlig Grain Holdings, LLC, which celebrated their 40-year anniversary in 2019, manages seven commercial grain elevator facilities in Illinois with locations in Deer Grove, Manlius, Bradford, Sheffield, Cambridge, Mineral, and Broadmoor, and has revenues of approximately $130 million. Michlig Grain employs 30 people, who are expected to join River Valley Cooperative and continue serving Michlig Grain customers.
     
River Valley Cooperative is a full-service ag cooperative with annual sales in excess of $500 million. Owned by over 2,800 farm families in Eastern Iowa and Northwest Illinois, River Valley Cooperative has 30 locations with over 300 employees. In addition to the grain business, River Valley Cooperative offers products and services in agronomy, energy, and feed. River Valley Cooperative’s parent roots date back to 1906.
 
 “The culture and values of River Valley Cooperative are consistent with what Michlig Grain has developed over its 40-year history, and I am excited to know that our customers will continue to get the same great service their loyalty deserves,” said Michlig Grain Holdings, LLC owner, Don King.
 
 “We look forward to working alongside Michlig Grain employees within the combined organization and continuing our mutual commitment to excellent customer service,” added Tim Burress, River Valley Cooperative CEO. “Having the ability to bring together two dedicated employee teams, shared culture and values, along with financial stability is a tremendous opportunity. This partnership, along with our recent agronomy facility expansions in the area, further enhances our commitment to serving customers in our Illinois trade area.”
 
Learn more about River Valley Cooperative at www.rivervalleycoop.com and Michlig Grain at www.michliggrain.com.
 
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